Ms Dara Deering:

The point I would make is that we have funding for all segments of the market, and that is what is available. If we approve a scheme, whether for owner-occupiers or anything else, that does not compromise our ability to approve a scheme for social housing. Equally, if we approve a scheme for rental, it does not compromise our ability to approve a scheme for the private or owner-occupier market.

We have sufficient funding available to meet the demand for all the commercially viable schemes coming our way because the funding we have can be recycled and, second, we have an ability to borrow more if needs be. In our strong view, to tackle this challenging environment we are in where supply is well beneath demand, we need to see homes being built for owner-occupiers, renters, social housing and Part V. That is how we are trying to play a small part in helping to address the challenges that are there today.