Mr. Robert Watt:

We have an independent commercial fund investing in projects so is there a role for it to take account of a regional remit or balance? I have not thought about that and it could be debated. Based on the evidence we have, there is a two-tier economy emerging, with the greater Dublin area different and all the evidence suggesting it is out of recession and growing. One may argue this means there are great opportunities elsewhere, in parts of the country that have not moved as quickly out of recession, as property values are lower and opportunities may be cheaper. I have not reflected on that, to be honest. I do not see a reason a fund oriented to jobs activity in Ireland cannot have regard to a regional spread or balance.