I am grateful to my right hon. Friend and predecessor for her question and congratulate her on all the work she did in preparing for this. She is absolutely right. Shortly after I took over, I saw a scheme in Nottingham where there was an eight-to-one payback on a £45 million scheme protecting about 16,000 houses, but on the other side of the river there were 500 acres, blighted and left alone by the last Government, that are now up for redevelopment.