Ms Dara Deering:

First, I do not see it as a move away. I see it as an add-on to what we were doing because those gaps very much existed in small and medium-sized scheme funding. As I said, 65% of all the schemes are fewer than 50 units. That is a very important focus for us. We went a step further than the original offering by bringing out a product for those smaller schemes. It is very important for us.

I believe that in our role as a funder, and our mandate is to increase supply, we have to recognise that the gaps will be at different parts of the market and sometimes that will be timebound. The Deputy may want to reference the momentum fund, which is a prime example of something that was created as a result of the pandemic. Our role was to step in and respond to that factor.