Mr. Peter O'Mahony:

We are at the stage where we feel we will lend somewhere in the region of €4 million to €5 million in the next 12 months. That would be our own growth and we are on target to do that. It is important to remember that this time last year, Funding Circle, which was two years old at that stage, was lending £1 million per week. That changed five weeks later to £5 million, once the government got involved. It was a five-fold increase therefore.

If the Government was prepared to get involved now, that is the type of growth we would see as well.