Mr. John Murphy:

We will start with Horizon 2020. As I mentioned in our earlier discussion the Government set a target of €1.25 billion, which is more than double the target that was set for the seventh research framework programme, FP7, which ran out at the end of 2013. The figure for awards to Ireland by mid-2013 was €570 million so I am quite confident that we would have exceeded the €600 million target by the end of 2013.

The target of €1.25 billion is significantly above what a just return figure would give us which would be somewhere around €950 million. We have set an ambitious target. There is a lot of work to be done to make sure we achieve the target. A high level group has been established under the Department which is chaired by one of my colleagues. All Departments and agencies whose remit includes research will have a role in that regard. I invite Mr. Kelly to add to what I have said.