The submission indicated that capital budget constraints were such that it had been necessary to explore potential opportunities for leveraging private finance – for example, a single scheme NPD, Hub model, or arm’s length company; that considerable further work was required to develop approaches to securing funding for both development and construction; that, at that time, no capital construction budget had been identified for Luncarty-Birnam and Kincraig-Dalraddy, the early sections of the programme; and that within the current spending review period, only a small proportion of the development funding for the programme had been secured by Mr Neil (around £18m of an estimated overall requirement of £200-300m), with a need to increase this substantially in the next review period.