Ms Dara Deering:

I will deal specifically with the momentum fund and then I will come back to one of the Deputy's other points. The momentum fund was introduced in May 2020. We were in the first part of Covid-19, sites had been closed and there was a lot of uncertainty in the marketplace. We believed that an appropriate response for the HBFI was to look at whether there could be further disruptions to housing supply due to the lack of availability of finance. We launched the momentum fund and we saw real demand for it. Some 90% of the fund was allocated in the first few months.