Mr. Barry O'Leary:

We are not currently in that space. Mr. Baneham is quite right to say HBFI is doing that. There is a certain amount of risk when you get involved in that. It depends on how it is constructed. We have not been asked to be involved. We have got a situation where the developer is bringing a scheme together. At what point does the risk transfer to the local authority? Does the local authority want that risk? We have no issue whatsoever with lending to a local authority for that purpose, but the question is at what point the transfer of risk happens. The risk is there; it does not disappear just because a local authority is involved. We would look at it in principle, but at the moment we are not involved.