The hon. Gentleman has failed to recognise that in the coming financial year, the gross budget of the Welsh Development Agency will be at its highest level ever in cash and in real terms. I make three further points. First, the hon. Gentleman could do the Welsh Development Agency a great deal of good by having a word with his hon. Member for Cardiff, West (Mr. Morgan) who never ceases to take an opportunity to run down the achievements of the WDA. Secondly, the hon. Gentleman should have well in mind the words of the hon. Member for Caernarfon (Mr. Wigley) about the importance of Europe and of Maastricht. The hon. Gentleman has failed to address that point and he does so at his peril. Thirdly, I am happy to confirm today—I am sad that the hon. Gentleman has not mentioned this—that there is a package of 51 projects by small and medium-sized companies involving a total investment of almost £9·5 million and 690 safeguarded and new jobs. It is time that the hon. Gentleman started talking up Wales instead of giving a constant message of misery.