Nevertheless, it would be worth investing time and effort into identifying the right area in which to make those interventions and into scoping and shaping them so that, when the rules—the metrics—are set, we can price risk transfer and have the greatest possible confidence that we will get good value from the results as well as the social impact.Also on the structure, I remind the committee that the investors, who tend to be social investors looking for a social impact and a financial approach, are separate from the delivery bodies which, in an ideal world, would be smaller, local social enterprises. Those social enterprises are de...