I'm grateful to the Cabinet Secretary for taking an intervention. Do you recognise, though, that whilst the percentage terms of number of deals is relatively small, this is the most mobile sector of the market, which can invest that money elsewhere, and, in the letter that you received from the industry itself, it says:

'As industry experts, we are already seeing reducing asset valuations and investors who no longer consider Wales as a direct consequence of this policy.'

Do you recognise those concerns, Cabinet Secretary?