Mr. Barry O'Leary:

We would be open to take in applications once the providing legislation is looked after. We anticipate that in the course of the second half of this year we will engage with all those institutions and see what their requirements are. In 2019, when the universities were enabled, we had a round of engagements with the six or eight universities that were allowed to borrow at that stage. That is where the notion crystallises, where they can see we can provide low-cost, long-term funding and they see the benefits of that. To be quite honest, the bean counters in the colleges think this can work and they see the merits of it. The lending that we have done so far and the second phase that is coming on stream for the 1,000, all came out of the initial engagement that we had, and we anticipate that we will do that in the second half of the year.