Can I thank the Cabinet Secretary for his statement update on this important issue? I’m pleased as well, Cabinet Secretary, that your door is still open to this project. You’ll know that Monmouthshire County Council has been very positive about the project’s potential. I do hear some of your reservations. Other Members have asked for clarification on many of the points that I was going to cover.

Can I ask you, firstly, do you accept that it’s important that we distinguish between the underwriting and the guaranteeing of risk, compared with the funding of a project? I think that certainly many people who I have spoken to over the last few days are not clear as to what the Welsh Government is saying that it cannot do. You are not talking about funding this project; you’re talking about refusing to guarantee a certain level of risk. You’ve been adamant about that in the teeth of some opposition in this Chamber. Could you be absolutely clear about why you have set that level of risk at the level that you have done so? What independent assessment has been made by appointed experts and what were their conclusions? You’ve said that you would publish some information, I believe, as to why you’ve come to the decision that you have. I think it’s important that Members of this Chamber do see what independent advice you’ve had.

In terms of state aid, concerns about that were expressed by your predecessor. As I understand it, the threshold that would risk a state aid challenge is no longer an obstacle. Can you confirm that is the case? In which case, it is good at least that the state aid issue has been taken out of this. Finally, what is your assessment of the level of external funding that is available? Does it include development funding, development partner funding, and contractor funding? If so, are we talking about around £20 million of external funding, or do you question that assessment?