Mr. John Trethowan:

On the loan guarantee scheme, we will probably be the first customers. We had two applications waiting and once the scheme went active, we had those back into the system. With the loan guarantee scheme, like the microenterprise fund and the Credit Review Office, there is no silver bullet that solves all our problems. What the Government and the previous Government together have done is put together a toolbox of various measures which are there to help small and medium-sized enterprises.

In answer to Senator White, I come down from the North with sterling in one pocket and euros in the other. That is the only difference I make between the two jurisdictions. In the North, they would love to have the supports we have for SMEs here. I have spoken to them. They look down here with envy at how we are supporting the SME sector.