Thank you for those comments. I was pleased that you had the opportunity to meet with and talk to officials about the mutual investment model. I would certainly offer technical briefings to any Members who are keen to find out more about how the model works and to have any detailed technical questions answered that they might have. I have to say though that the mutual investment model I don't think has been a secret—there's been a Government commitment to it going back as far as 2011, when it was in our manifesto to look at innovative ways to fund public infrastructure. The model has evolved over time, so we have been borrowing from Scotland and from England where appropriate, learning from the European Investment Bank, adapting to accounting rules where necessary, and the MIM is very much a project of that learning and the challenging and the adaptation that has been taking place, which I think is a good thing.

There's been clear ministerial oversight of this project since the start. I know that Cabinet had discussed innovative finance three times during the previous administration and periodic updates were also considered by the Cabinet sub-committee for infrastructure. In the current term, Cabinet has already twice considered the mutual investment model and my predecessor made statements on the mutual investment model on two occasions already in this term—so, in February 2017 and in June last year—as well as stressing the important role that MIM has to play in numerous publications, such as the update to the Wales infrastructure investment plan and the draft budget. So, it's by no means a secret, but I do appreciate and understand your concern that the mutual investment model should be easily understood and accessible to people with an interest, particularly, I think, with regard to twenty-first century schools, which is a tremendously exciting project that will transform the learning environments of children across Wales.