Dr. Ciaran Byrne:

Yes. My colleagues in the Department are working directly with our finance people on the loan scheme. They are running the loan scheme through the European Investment Bank, EIB, and the Strategic Banking Corporation of Ireland, SBCI. They will ultimately set up the scheme and the Government will, in effect, be the first 20% loan guarantee. In other words, the Government will underwrite the loan to a point which then allows the pillar banks to get involved and offer loans to the public at a much lower interest rate than is currently available. It is expected that the EIB is currently in its due diligence phase and because it is a regulatory piece - I have to be honest that I am not an expert on this - there is a significant amount of due diligence to be done on the banking side of it. We expect that to be done by quarter 3 and we hope to be in the process of rolling it out to customers in quarter 4 of this year.