Well, I thank Nick Ramsay for that and I thank the PAC for the work that they're doing in looking at the model. I'm sure there will be things that we will want to learn from the work that the committee is undertaking. Llywydd, I hope to make a statement very shortly, updating Members on the latest developments in relation to the mutual investment model, including some close interest which has been taken in it at the United Nations in looking at ways in which the ground that we have been able to break in creating that model might be of interest to other countries who are also involved in looking for innovative ways to expand capital investment programmes.

Specifically in relation to band B of the twenty-first century schools programme, I think the correct analogy for local authorities to be looking at is not PFI, where we have very little use of it, but the way in which using ideas developed by my predecessor, Jane Hutt, we have been able to use local authorities' ability to make things happen, and then to fund the revenue consequences of that to allow them to use the capacity that they have to invest in the capital field, and that's what we would look to do in the twenty-first century schools programme. 

As to the argument about locking in local authorities to assets that they may not need in the long run, that's an important point. Local authorities need to think carefully about that in the way in which they bring forward proposals to use the mutual investment model in the twenty-first century schools area. For example, I think it is unlikely that special schools would be suitable for this model, because the nature of special education changes, and the intensity of use of a special school in terms of the physical fabric, inevitably, given the nature of the pupil population that they serve, is intense as well, and so the model will be suitable for some aspects of the school estate but not necessarily for all.