(1)The Welsh Ministers may do anything which they consider appropriate to achieve any one or more of the following objects—
(a)the promotion or improvement of the economic well-being of Wales,
(b)the promotion or improvement of the social well-being of Wales, and
(c)the promotion or improvement of the environmental well-being of Wales.
(2)The power under subsection (1) may be exercised in relation to or for the benefit of—
(a)the whole or any part of Wales, or
(b)all or any persons resident or present in Wales.
(3)The power under subsection (1) includes power to do anything in relation to or for the benefit of any area outside Wales, or all or any persons resident or present anywhere outside Wales, if the Welsh Ministers consider that it is likely to achieve one or more of the objects in that subsection.
(4)The power under subsection (1) includes power—
(a)to enter into arrangements or agreements with any person,
(b)to co-operate with, or facilitate or co-ordinate the activities of, any person,
(c)to exercise on behalf of any person any functions of that person, and
(d)to provide staff, goods, services or accommodation to any person.