 I think there are three elements to the Welsh foundational economy approach. The first is what we are announcing today is the experimental. The £1.5 million that we agreed with Plaid Cymru as part of the budget settlement a couple of years ago, we are announcing today that we are cracking on with that. It's going to be applied, it's going to be sector neutral. So, it's open to all comers, state, public, voluntary sector to bring us your ideas of how you can apply the principle of the foundational economy in your area. And that, I think, that is a bold approach for government because we are saying it is experimental. Not all of these projects will succeed. They will fail. Some aren't particularly exciting. But let's give it a go. It's a relatively small amount of money to start, £1.5 million, but already we are looking at how we can add to that. We are talking to the Cardiff city deal about the potential of matching funding. There are other Welsh government projects. I'm very keen the valley task force that I chair will also put some money into this as well. So, I think there are things we can do with an explicitly experimental approach. And that's exciting. Let's celebrate the fact that it's experimental, not bemoan the fact that some of it will fail. Let's celebrate and learn from failure. And that's okay. The second element is a Preston Plus approach. And I went to visit with Jenny Rathbone, Matthew Brown in Preston in the autumn. The thing that impressed me most was, this is a little borough council, the size of Swansea in a poor part of England, who have not found excuses for what they can't do. They focus on what they can do. And the thing that the Deputy Chief Executive said to me that stuck with me, he said, this was easier than we thought it was going to be. We told ourselves all sorts of stories about how procurement rules stopped us from doing this. And this was all done within existing procurement rules. And it was done without increasing cost and without reducing quality. And it's had an impact. Preston has been lifted out of the bottom five poorest parts of England and five of the six local anchor institutions are living wage employers, which is perhaps one of the single most significant things that we can do to improve the local economy is pay people a decent wage. So, but clearly Preston is a borough council. If we're going to apply this on a national scale, we need to iterate it. And one of the things I think, the frustrating things I find, so Preston has been inspirational in doing. Wales has been inspirational in talking for a long time. And when you think, the founding thinkers of the foundation economy are here. The great miserableist, Carol Williams, sitting down the frontier. Developed a lot of his thinking based on the economy of Heineheeth, a mundane economy he called it. Keith Edwards sitting next to him, less miserable. Also son of Heineheeth. He did a lot of important work 10 years ago on the can-do toolkit in housing. And as ever, we did a pilot project and then the caravan moved on. And others have taken it up and applied it. But we need to reclaim that Welsh leadership, that Heineheeth leadership, to make this agenda real. So we'll be looking at a Preston plus, because Carol will be talking about this later, I'm sure. But the Preston approach to procurement has been a postcode approach. And I think we need to go to a more relational approach to procurement. We develop longer supply chains, not simply based on the geography, but based on how we can benefit the third element, which is grounded firms. That, I think, is the third pillar of the Welsh foundational economy approach. How do we tackle that missing middle that we've long analysed and discussed, the phenomenon where we have the egg timer shape to the Welsh economy? We have a small number of very large firms, a mountain of one man in the van, micro firms, and a small number of medium-sized firms. And how do we grow the small into the medium? And how do we stop then the medium selling out, cashing out when those founders have reached the end of their time? And that being lost to the Welsh economy. So explicitly, this is a pro-business agenda, but it's pro-grounded business, it's pro-local business. It's the businesses that have a stake in their economy. I was discussing with James Davies last night, another honoree, son of he, the former manager of the calisonic factory in the town, who went to Japan to be the European leader, and has now come back to help us with our work here. And he and I were talking about examples of what we thought a grounded firm was. And the example we both seized upon was Parker Plantire in Chinachee. Highest Protocabins, Cement Mixers, the mundane and glamorous and sexy part of the economy. But my God is that a rooted, grounded firm. And George Parker, the managing director there, is a salt of the earth man of the town who gives to all sorts of local causes. And when the great slump hit in 2008, it was just personal savings to make sure that nobody was laid off. And you walk into his outfit then, there's a little life of Marzola, it's back in the 1970s, the filing cabinets are still there, but the values and the commitment to his town and the role he sees himself as playing there is inspiring. And the same of Burns, Pet Food and Kidwaley, these exist beyond the Cardiff radar, but this is what makes the Welsh economy tick. And we've taken them for granted and not supported them, and they're still there. Fair play to them, they are still there, but some of them are struggling. And we need to do more to explicitly help them make a contribution to the fabric of our communities. So those three elements, I think, are key. The good news is that a lot of this work is happening and it's great to have the context of international and national examples, but we've also got the domestic examples. And we'll be hearing about them through the day of the housing associations, the care sector, who are doing experiments in this now. And I think we need to learn from that, we need to scale it up. Let this not be another bloody pilot project. This has got to be mainstreamed. And I'm very pleased that the senior officials from the Welsh Government are here with us in force today. And we need to think about how we bake this into the new regional economic plans that we're going to be developing as part of the economic action plan, how we bake it into the local service boards that are sitting out there, having gone through endless meetings to draw up local plans. Now we can give them a real project to focus on. Let us bake it into the social care work that we're doing. And let's not just think about this as procurement. It's not just about procurement. That's a key part of it. But every part of Wales, every sector, the police forces, the UK government organisations that are here, the private sector, all have a responsibility to engage in this. And we in this room are the people that are going to make this happen. We have the power. All the stuff we're talking about, we can do it. If Prestonborough Council can do it, then we can do it. So let's get on with it and do it. Diolch.