The right hon. Gentleman is just plain wrong; he does not get it. In the past few years, the regional development agencies have brought in additional investment of more than £8 billion to deprived areas. I was the Minister responsible for floods recovery, and let me tell the right hon. Gentleman that within four days of the start of the floods that affected wide parts of Yorkshire, the Yorkshire RDA had set up a helpline and a £5 million scheme to support local businesses, the first payment from which was made within seven days. Can the right hon. Gentleman imagine Whitehall, or any single local authority, responding as quickly? That is the value of our regional development agencies, and that is the importance of their work. All that would be lost if he had his way.