Mr. Liam McGroarty:

I can begin and Ms Curran might jump in on the question on ethics in private investment and whether there is a way to scrutinise private investors to see if they are legitimate and if they genuinely care. It is normally a blended form of investment so there will be a philanthropic investor and then a private investor. Once the philanthropic or social investor is connected to it, ethics is built into it because they want to see the outcomes. They are not there to make money.

Big Society Capital is the biggest investor in the UK. It comes from The Big Issue. It wants to make its money. It wants to make its 4%, 5% or 6% but it actually invests in building the capacities at a local club level. The actual investors get invested in the outcomes as well. I do not think there is a regulatory body above but Ms Curran might correct me on that. I do not think there is a regulatory body.

I might jump back on the Government funding and grants question. I am not clear on exactly what the Deputy's question was.