What the Royal Navy funded first in 1930s rearmament

What were the Royal Navy's main development and procurement priorities in the 1930s?

Cruisers, destroyers, and the Fleet Air Arm received early emphasis; major carrier construction preceded the later run of new battleships.

Cruisers and destroyers remained procurement priorities from the late 1920s, with substantial money also going to the Fleet Air Arm. When larger rearmament accelerated, aircraft carriers appeared before the new battleship programme. That sequence supports the wider argument that budgets and institutional responsibility explain Coastal Command's weakness more convincingly than indifference to aviation.