Well, you clearly raise an extremely important point. Around £0.75 billion was spent on R&D in Wales in 2017—that's the latest year for which we have figures—and that's an increase of 4.6 per cent compared to the previous year. That effectively now matches the increase in R&D spending across the UK.

We've accepted the first recommendation of the Reid review, which is to strengthen our position in London through the office that we have there, and that's something that is currently being undertaken. We've both referred to the EU structural funds programme period. During that, we've invested £340 million, and that represents 20 per cent of all EU structural funds allocated to Wales and it continues to play a vital role in growing the Welsh economy and growing Welsh expertise.

So, certainly, I would be keen to explore what we would do were the UK Government to come through on its guarantee for EU funding. Clearly, there are discussions ongoing there that are causing some concern, not least about the exchange rate to which the UK Government intends to pass on funding to us. There will be discussions, I think, for me to have alongside my colleague—