Cabinet Secretary, I wonder whether you've had a chance to look at Professor Graeme Reid's report into research funding. He concludes,

'I have found great strengths and national assets in Welsh Universities and in research and innovation centres that have been developed in Wales during the last decade but I am not convinced that the potential of these assets is fully exploited for the benefit of Wales.'

And he goes on to say that the research community needs to work together to become more influential in pursuing competitive funding. And that's really important if we can continue at the European level for a little while or at whatever is going to come through the UK level in terms of shared prosperity funds or other mechanisms that may now be agreed.