I think there are two or three points to make. First of all, the investment in the college in Blaenau Gwent would not have been possible had it not already been for the investment that the Welsh Government had put into that development and, indeed, the European Union investment that has gone into it. The UK Government are the third and final partner to make a contribution, and their contribution would not have been possible without everything that had gone before it.

We know that the levelling-up fund leaves Wales badly shortchanged from what we would have had under any other circumstances. Llywydd, let me make a slightly different point, which is, actually, the way the levelling-up fund has been administered has made it more difficult to bring local authorities together to provide that focus on the economic opportunities that the Heads of the Valleys road provides, because the way the levelling-up fund works is local authorities are invited to compete with one another. They have to come up with schemes within their own boundaries, and they have to compete with their neighbours for funding. The efforts that the economy Minister here has made have been to bring those people together around a single table. They have been diverted and distracted into pursuing what are, in the end, relatively small sums of money and in a way that actually undermines their ability to deliver those collaborative and co-operative ways of working that I believe have a much greater long-term chance of underpinning that local economy.