Thank you, Deputy Presiding Officer. I'd like to thank Huw Irranca-Davies for bringing forward today's debate. I should make clear that I, too, am a Welsh Labour and Co-operative member, as I have been since my election to this place in 2011. I think it is an important and a timely discussion, and I want to thank Members for their thoughtful contributions, including a note of disagreement in the Chamber. I particularly want to thank Vikki Howells in two parts for reminding us of the story of Tower, and not just what happened at the time that Tower was created as a worker-owned operation, but its continued future—what is now a fantastic business—and the structure and support it required to be successful, as well as the determination of its workforce to ensure that it was successful. In Wales, it's a good example of our strong commitment to social enterprise and the co-operative sector. The values that we lean on and the principles of social enterprise and co-operation were part of helping us through the COVID pandemic, and what I think will be part of helping to build the greener, fairer, more prosperous future that Alun Davies celebrated with us yesterday.

I want to see the sector continue to grow. We've demonstrated our commitment, as Huw Irranca has recognised, in the programme for government and the vision set out in ‘Transforming Wales through social enterprise’. That action plan was launched last year after being co-produced with social enterprises and support agencies here in Wales. Management buy-outs are already an important facet in any healthy business system. They provide the opportunity for businesses to grow and to continue, usually by retaining local ownership and commitment, as many Members have recognised. They're an important part of the foundational economy, but I should say of course that co-ops and mutuals are not simply local businesses; very large businesses can be worker-owned enterprises too, of which perhaps John Lewis is the most obvious example. But opportunities for co-operatives, especially through the succession route of Welsh business—[Interruption.] I'll just finish on this point. They will help keep these businesses based and owned by people in Wales. I'll take the intervention then make more progress.