Dr. James Browne:

In the past two years, the university has drawn down just under €20 million from the foundation. The university's major outstanding item is the research funding. The university has recently completed a batch of three buildings - a sciences building, the Hardiman library and a clinical translation research facility. My colleague, the adviser on capital projects, is working with the accounts office to go through the fine details of the costs of those buildings. When that is completed, we will draw a further €20 million approximately from the foundation.