Mr. Roger Harrington:

There would be. Last year was unique, for example due to the problems arising from the war in Ukraine and its impacts.

The rise in construction inflation hampered projects. In terms of what was reported to us by the AHB sector, there was quite a sharp shock in confidence. Also, between the rise in construction inflation of approximately 15% and two interest rate rises by their primarily matching lenders, what happens is under the CALF we give a capital contribution of up to 30% in terms of the capital cost of projects. In the main, the AHB sector then approaches the Housing Finance Agency for the matching 70%. A lot of viability challenges were reported to us in that year because projects that were viable were no longer viable.