Dirprwy Lywydd, just to take up the second point first, because Dai Lloyd is absolutely right—it is very important that the range of interests that have a direct contribution to make to the city deal are represented around the table when those decisions are being made. That clearly involves the local authorities themselves and their private sector partners, but the university is a very important player in all of this—has been from the beginning—and the university health board is as well. And part of the reason why governance arrangements take a little while sometimes to be agreed is that we have to make sure that we have all those component parts in place and that every part is confident that it can make the contribution that it wants to make.

As to the financial arrangements, these were confirmed in the original deal document. There’s £1.3 billion worth of additional investment coming to the Swansea Bay city region area as a result of the deal. The Welsh Government will provide £125 million of capital. The UK Government will provide £115 million. Then there are contributions from local authorities and from private sector interests as well. It is important that local authorities understand that they will have to use their borrowing powers in some instances in order to make their contribution, but all of that was, I believe, Dirprwy Lywydd, well understood when the deal was originally agreed back in March.