Well, Llywydd, I agree that neither a bidding nor a Barnett-derived approach to a shared prosperity fund would be acceptable to us here in Wales, remembering that this fund has no origins here in Wales and that the party that proposed it certainly did not secure a majority for it here in Wales. Let me say that discussions continue both at ministerial and official levels. I hope that when the UK Government comes forward with more detailed proposals for the fund, there will be the possibility of organising funding for Wales along the lines that I set out in my answer to Siân Gwenllian.

In the meantime, I agree with Nick Ramsay that it's very important that we press ahead with the plans that we are developing for how funding would be used for regional investment purposes in Wales in the future. We've carried out a consultation exercise, as Nick Ramsay will know, on the paper that we published. That was a very engaged exercise. Officials are currently analysing all the responses that we have received and I hope to be in a position to publish those shortly.