Seòmar agus comataidhean

I will move on. One of your recommendations is that

“There needs to be a change to the way national capital projects like installation of heat pumps and home insulation are administered.”

Can you tell us a bit more about any examples that you had heard about in that respect and say why some panellists could not agree with that recommendation?

That is very helpful.

Mr Hughes, you said that the Scottish National Investment Bank has made an investment in Gresham House. Was that done to leverage funds in from elsewhere? How was that investment structured?

I will stay on the theme of investment. What are the investment models and lengths of contracts involved for land managers? Do they differ significantly between peatland and forestry? How are project risks managed and shared between the various actors that take part? I ask Stephen Young to answer those questions first.

Does anyone else have something to add?

That is helpful.

The Scottish Government has set out its ambitions to support the growth of natural capital finance approaches. Are those ambitions realistic, and can the Government actually achieve what it intends to do?

It is for Joel Paterson first.

Has the Scottish Government set out its ambitions in that regard, or is there still something missing?

Is that seen as a risk that might harm the market, or is it not really seen as a risk at this point?

Do you think that the Scottish Government will actually achieve its target, and will it be able to attract all the private finance that it needs to do so?