Mr. Aidan Gough:

I will answer the question on whether we are getting involved in the mentoring. We are very keen to avoid duplication and need to be very clear that we add value. We are in discussions with the various agencies to ascertain what is available and how we can lend our skills. We have particular skills in investor readiness because we run that for businesses looking for equity investment. We will see if we can make those skills available to a wider SME base.

The targets in the North for Horizon 2020 have not yet been set, but there will almost certainly be a doubling to in the region of €140 million to €160 million, which is up from a drawdown of €70 million under FP7. They have not been decided yet, but there will be a substantial increase in the targets.