Ms Gillian Buckley:

It is a bit broader than just community groups. Social enterprise is an area in which we have done quite a bit of work. Through that, they have been able to access funding. It is what we call a strategic project. We tend to do them vertically. There is the BIA accelerator centre in Athenry around food, there is Creative Enterprise West, CREW, in Galway which is around creative industries and Future Mobility Campus Ireland, based in Shannon, is looking at smart technologies. Those are social enterprises. It is quite a new model in our region. They are able to lever out community funding, with our expertise. They will disburse into the more traditional community groups we are talking about but we need to have the social enterprise model in the country as well. People need to have jobs and live in communities. A huge part of our other fund, the business investment fund, has been to provide equity capital to high-tech start-ups. In the last four to five years, they have been able to leverage €85 million. Fourteen of our companies have leveraged €85 million. Almost all our entire fund is valued from European funding. We seed funded them and they, in turn, were able to access that very significant grant money from Europe. Again, that disburses into communities through job creation.