Ms Dara Deering:

We brought out the momentum fund to mirror the offerings that were available from the main banks. The terms were no better but simply mirrored what was available at that point in time to ensure that if there was a gap in the market, we would be able to step into that gap. It was in anticipation of possible challenges, given what was happening with Covid-19. What we saw was the reality that there was a challenge for a small number of schemes that were ready to start building at that particular point in time and we stepped in to bring that supply to the marketplace. We are talking about three schemes. I appreciate that we are talking about large quantums of money but the other big consideration for us, and maybe I am not getting this across to the committee today, in parallel to that consideration, is the need to make sure that we have finance available for those small and medium-sized schemes. We want to see more applications across every county for homes in every county. One was not to sacrifice the building of another.