Thank you, Dirprwy Lywydd. First of all, can I say to Jane Hutt that the Llantwit Major learning campus is an absolutely excellent example of what I said about how all our constituencies have flagship places that we can point to that are there because of the work that the WIIP set in motion?

The Member made a very important point about the construction sector. I attended an event at Coleg y Cymoedd yesterday, in which I was able to meet several groups of young people—I was very pleased to see a number of young women amongst them—who are following courses in engineering and in the railway industry, making sure that they have the skills that are needed for the construction sector in the future, and to hear from the Institution of Civil Engineers, for example, just how important the WIIP has been to them in allowing them and their Members to plan ahead for capital investment that they know is here in Wales.

Two specific questions from Jane. Firstly, in relation to the European Investment Bank, we have argued from the beginning that the UK should aim to remain a subscribing partner of the bank. We are a major capital holder within the bank, and of course Wales has benefited from it. The European Union UK phase 1 report on the negotiations says that there is a prospect of what is called a 'continuing arrangement' between the UK and the EIB. I have written to the Chancellor of the Exchequer on the basis of that report, to press on him the point that we clearly see merit in a mutually beneficial relationship with the bank, and making a number of technical suggestions to him, based on our experience as to how an ongoing relationship with the EIB could be secured.

As to structural funds, we continue to operate within the Chancellor's guarantee, which sets a limit of 2019 for us to commit all structural funds available to us during the current round. I remain hopeful, Dirprwy Lywydd, if not optimistic, that that transition arrangement, which is part of the first phase 1 deal, once it is confirmed, that that will mean we are able to use structural funds in the current round on the basis of business as usual. That is to say that they will go to the end of the seven-year period, and two years beyond that, so that we are able to make even better use of the resources that are available to us.