Mr. Ian Black:

We are working with the Department of the Environment, Climate and Communications on assisting it in the design of a scheme. We are very much focused on the financing work stream, however. There are many other work streams. Again, the design of the financing will depend on other elements to the whole retrofit scheme and how much of it will be grant-funded rather than a loan fund and if there will be tax breaks, etc. There are many elements involved.

In terms of the "how", as we have done before, we will be working as an on-lender to intermediaries. We are, under our legislative functions, there to encourage competition and increase the diversity of the supply of funding. We would, therefore, absolutely welcome credit unions as well as other funders.