Dr. Deirdre Garvey:

I wish to add to that. We would like to be able to replicate further what we have done to date. There is a challenge in scaling that budget-wise when working from year to year and also to scaling it, because there is a time factor in due diligence. One of the issues for the WIF has been having a pipeline of projects to come into the fund that will meet that level. There are a number of accelerators now in which the WDC is involved which will bring that pipeline in. Ideally, we could see that scale to the next stage with the Western Development Commission and the WIF, but it is difficult to scale that quickly. It will have to be more gradual and be done over the next two to three years. It is a positive position, however, in terms of the western investment fund and the experience we have of what has worked, and having done that in the past ten years while going through some very difficult times in between. We have come out of that with some very successful projects that the WDC has supported and from which we have seen employment growth. With regard to the key growth sectors, the biggest impact the WDC can have is the integrated and regional approach in particular sectors. We will not have an advantage in every sector that competes across the country or internationally, but there are particular sectors which are attracted to the region and can remain in the region, such as tourism and the green economy. The medical device sector has been a very successful cluster but there are other potential clusters within that as well.