Ms Katherine Licken:

It is 12 years since 2006, when this project was first mooted. A lot has happened since in terms of the public spending code, and a lot has changed in terms of the conditions we have for projects. Projects now applying for capital grants are expected to be at a much more advanced stage with well-developed business cases and budget plans but, most crucially, they are expected to have their funding in place before an offer is made, and that was the case in this project. As we saw, when we asked it to raise the funds they did not appear.