Can I thank the Member for his question, the keen interest he shows in this area, and the passion with which he speaks about the need to grow wealth in the aggregate as well as at a community level, making sure that we spread prosperity more evenly across Wales? In terms of activities since devolution, Wales has had the fifth highest increase in gross value added per head compared to the 12 UK countries and English regions. We’ve seen a record number of people entering into work, unemployment is consistently at a very low rate, and we’ve seen the number of business births now rise to record levels.

We know that there are almost—we’re just about touching on 100,000 businesses that are headquartered in Wales. But what we wish to see take place in the coming years is a move towards strengthening regional economies in Wales so that we can decentralise and deconcentrate investment. For that reason, I’m reshaping my department so that we have strong regional units that can work with the city regions, and with the growth region, and with local authorities on a regional footprint, to assess what the key sectoral strengths are across Wales, and then to hone in, develop them, and, during the fourth industrial revolution, make sure that people are skilled and make sure that businesses are futureproofed in order to create a higher-value economy, one that benefits the whole of Wales.