Mr. Leo Clancy:

Sometimes it is not supported by us at all. If companies are capable and if we have done work with companies over the years on helping them to create a research and development base, we will certainly support them further to do that, but we may not need to do so. Investment may have been made early and may mean that they are self-supporting in research and development. The research and development tax credit is obviously a huge support to companies, at up to 25% of eligible expenditure, but for us it is based on a need for our money, as with all of our grants.