I'm very glad that Jack Sargeant has also raised this question this afternoon. At the end of 2021, there will be just one bank left serving the people of Clwyd South. The area has lost 80 per cent of its banks since 2015. It puts residents at risk, travelling out of town. The Barclays branch in Llangollen is the only physical bank branch left in the constituency.

The community bank, just to say for Members, is a benefit, and I think that this is well supported across this Chamber. It's going to be a mutual owned by, and run for the benefit of, its members. It will improve access to banking services and access to cash, with multichannel bilingual banking services for people and businesses. It will also be collaborating with the Welsh financial ecosystem, for example credit unions, and will create direct jobs as well. No community banks operate in the UK, but we will be the first community bank to operate. Banc Cambria aims to provide everyday retail banking across the whole of Wales.