I can supplement that further with another statement that occurred in the Cabinet Secretary’s most recent statement to this Assembly, where he said also that the level of financial risk borne by the private sector being less than 50 per cent, he explained:

This is because the £210 million underwriting element would carry a higher risk than other parts of the financial package’, which can’t possibly be true, because there’s £48 million of equity risk here that is not protected at all and goes down the plughole if the project fails, and also another £47 million of debt that is subordinated to the Government’s own guarantee. So, that was a factual inaccuracy, as well, on top. I don’t even understand where the £375 million debt figure itself arises from, but that’s a point of detail that we can explore on another occasion. But the fundamental absurdity of the situation we now find ourselves in is that the Government is not asked to put in a single penny up front by way of investment funding for this project, although, out of the back pocket, as I described it in First Minister’s questions yesterday—a description that the First Minister demurred—we now know that that is provided out of the general reserve of the Government, which is, I think, fairly described as the back pocket. We didn’t know this £100 million was nestling there, undisturbed and available for any wizard scheme that could be dreamed up at five minutes’ notice to be blown on a project for which there are currently no takers. And if ever there were a case of due diligence that needs to be done, it’s into the project that the Government now is proposed not only to put in a contingent liability, but an actual liability for the next 10 years, which itself will be at the expense of schools and hospitals and all the other things that they claim not to be able to finance if they went ahead with the Circuit of Wales project.

So, we now are spending, as I described it last week, shedloads of money on a collection of empty sheds, rather than having a world-class racing circuit on the back of which, as Adam Price rightly said, we might be able to attract, as a cluster, a number of automotive companies to take advantage of the celebrity that that potentially can bring. Why would they come to an empty site in Ebbw Vale with nothing that relates to what they intend to do there? So, I do believe that this Government has not just failed the people of Ebbw Vale, but failed the people of Wales, and after 20 years, I think we’ve seen enough of this Government, and it’s time that they went.