Thank you very much, Llywydd. Since the 2016 referendum, the Welsh Government has been engaged in a public debate about replacing European Union regional investment once the UK exists the EU. I’m grateful to the Chairs of the External Affairs and Additional Legislation Committee and the Finance Committee for their work in informing this debate.

Last month, the Finance Committee published its inquiry report into preparations for replacing EU funding for Wales, and we will respond formally to that shortly. I welcome the committee’s support for a made-in-Wales approach. It reinforces our clearly expressed message that the UK Government has no mandate to extend the proposed and ill-defined shared prosperity fund to Wales.