Thank you, Deputy Presiding Officer. I am pleased to have this opportunity to update on the progress that we are making to support stronger regional economic development against an extremely challenging backdrop. Dirprwy Lywydd, our vision for regional investment is to support jobs and growth in communities across Wales. We know that the inclusive and sustainable growth this requires relies upon regional decision making that links national priorities with local opportunities. Our regional economic frameworks were co-designed with partners in each of the regions, including local authorities and regional bodies. They're based on evidence, with clear priorities aligned with our economic mission.

Aligning regional economic wellbeing, transport and planning in new corporate joint committees provides a fresh opportunity to capitalise on the interdependencies between them. This will support local authorities to deliver their regional ambitions, develop successful regional economies and to encourage local growth. Indeed, the four city and growth deals reflect the existing drive for sustainable growth and innovative partnership working amongst regional partners. Although these deals are still in their relative infancy, my officials, alongside the UK Government, continue to work closely with the four regional delivery partners to assess the opportunities within the business cases developed over the lifetime of the deals.

Dirprwy Lywydd, our commitment to regional working is also an investment in more integrated skills delivery. With shared governance, regional skills partnerships will be in a stronger position to influence investment and match provision to demand in a way that is responsive to local opportunities to expand fair work.

Our work across all regions is wedded to the collective goal of securing investment in the industries of the future, which will fuel better-paid, skilled jobs. In south-east Wales we're working with Thales to create a cyber resilience campus in Ebbw Vale through our Tech Valleys programme. Together with our local partners and Cardiff University we are investing in our strengths and supporting new start-ups in cyber security. Tomorrow, I'll be at a groundbreaking ceremony for the latest investment in the semiconductor industry, creating many hundreds of new, well-paid jobs.

In north Wales, we've established Cwmni Egino to pursue ambitious new developments at Trawsfynydd, including small modular reactors to generate low-carbon electricity and a medical research reactor to help with the diagnosis and treatment of cancer and more.

In mid Wales, collaborative working helped us to secure more than 100 jobs with support for automotive parts manufacturer the Marrill Group in Llanfyllin in Powys. And in Baglan Energy Park, we saw how strong partnership working staved off the very real threat of catastrophic harm to businesses and families. As well as issuing legal proceedings, the Welsh Government worked with the local authority, Dŵr Cymru and local businesses to secure power to the energy park and save hundreds of jobs.

We're also taking forward our co-operation agreement commitment to co-produce phase 2 of the Arfor programme alongside local authority partners. This will be supported by additional resources, with £11 million for the three-year period to 2024-25. A further announcement is anticipated in the near future.

Dirprwy Lywydd, we continue to work with the Organisation for Economic Co-operation and Development on regional policy. In the context of the co-operation agreement with Plaid Cymru, the OECD will focus on supporting Arfor and the Valleys through their current project. The OECD will look at and design models for local government to work together, which includes opportunities to develop joint working across regions with Valleys communities. I look forward to working towards a model that brings together decision makers and budget holders on a permanent basis to maximise our collective ability to deliver stronger, long-term economic outcomes across Valleys communities.