Thank you, Deputy Presiding Officer. During the last Senedd term, we made significant progress in our support for the foundational economy here in Wales. This is a cross-Government priority, and we have focused our attention on businesses offering services and products that affect our daily lives: the food that we eat, the homes we live in, the energy we use and the care we receive. Estimates suggest that four in 10 jobs, and £1 in every £3 spent, fall into the foundational economy category. And nurturing the foundational economy is a fundamental part of our plans for the future. It underpins our economic resilience and reconstruction mission. At the economic summit last month, I outlined my vision for the Welsh economy and made clear the role that our economy has in creating vibrant places throughout Wales—places where young people can realise their ambitions and reach their potential, places where anyone can launch and develop a thriving business.

The foundational economy in Wales, as I say, accounts for four in 10 jobs, but they cover a broad spectrum of professions and career pathway opportunities. Fortifying the foundational economy will enhance and enrich employment opportunities and will enable us to focus on retaining Welsh talent in Wales to conserve local life and the economies in our cities and in our rural and coastal communities.