Mr. Mark Griffin:

We have finalised all the analysis now and are going to Government shortly to get the final sign-off on it. We have been working very closely with the Commission in respect of state aid approval and we have to get a final sign-off with them on that. It will be fully operational in 2018 with a provision of about €10 million, I think.

On the other parts, there was a €900,000 underspend on an INTERREG programme that did not proceed. There was an underspend on the international energy research programme because again that is a demand-led scheme and it is difficult to predict what the level of demand will be in any given year. The reassuring thing in respect of ocean energy is that we are investing and continuing to invest. Some of the projects we are seeing coming through the prototype development fund in terms of creativity, cutting edge and initiative are very impressive and, in fact, it might be no harm in writing to the committee to include a copy of the most recent report they have done from the prototype development fund. I think people will really be bowled over by the calibre of the work that is being done.