The Cardiff Capital Region aims to develop and promote south east Wales as a great place to live, work and do business.
The City Deal comprises an investment programme of £1.2billion into the regional economy, including £734m for the creation of a South East Wales Metro transport scheme. Each authority must approve a commitment by the te authorities to borrow a total of £120million as part of the CCR City Deal Wider Investment Fund.
The Board brings together representatives from the business community, education sectors and local authorities to provide advice on the development and growth of the Region.
"Together we can bring about an economic and social step-change in the Cardiff Capital Region, through improved transport, supporting innovation, an improved digital network, developing skills, supporting enterprise and business growth, and through housing development and regeneration."