Dr. Alan Wall:

There are three where that is usually the case, namely, Waterford Institute of Technology, IT Tralee and the National College of Art and Design, NCAD. They are all different in origin and came about in different ways. There is not realty a commonality around them. In all three, solutions are being worked through. NCAD is close to breaking even, while the projections for Waterford Institute of Technology showed 25% or 26%. For IT Tralee, there is a solution on the table about reducing costs. There are solutions, and while they are difficult to work through and take time and it is mucky work, it is done more or less.

I cannot yet talk to the funding model because I have not seen it. It is a matter more for the Minister than for us. I do not know whether it is the issue. There is a funding issue but I do not know whether it would help here. We have identified the three ways out of these and they are slightly different for each of the institutions. That is what we are relying on.