Alun Davies is absolutely right: social enterprises play an enormously important role across Wales, but particularly in areas where people are struggling to overcome the effects of heavy industry's decline. And I'm pleased to be able to tell Members today that, based on the latest figures, the proportion of ERF applications that have come from social enterprises is higher than the proportion of social enterprises amongst the 267,000 enterprises in Wales. So, there is no doubt that social enterprises will play a key part in drawing down ERF funding. And as we look forward, again within the Valleys area, the role of social enterprises will become increasingly important. I think, right across Wales, as we shape a fairer economy, social enterprises will play a more important and prominent role.