I thank the Minister for that response. The mutual investment model costs more than borrowing by the Government. If that were not true, it would be the preferred method of borrowing. It is effectively private finance initiative without facilities management.

On a low-risk project, with an estimated additional cost of 3 per cent for borrowing, 5 per cent for profit, and 2 per cent for the community good part of the scheme, adds an extra £1 million for every £10 million of cost. Does the Minister have different figures? And will MIM schemes, because of the extra cost, have to prove their benefit against more exacting criteria?