My Lords, I have Amendment 5 in this group. Your Lordships may remember that in Committee, the noble Baroness, Lady Wolf, and my noble friend Lord Ridley tabled an amendment to deal with the matter that my amendment seeks to deal with, but they sought to do so by reference to a new committee that was to be set up to have that power. It is obvious that we are in a changing world and therefore that there may well emerge needs for new providers to do something different to that which is presently provided in the higher education sector.
Since we are to have the Office for Students—that is still its name—it is perfectly appropriate that the duty of looking out for “emerging needs” should fall on that regulator. We would not need further committees; the existing regulator would be able to do this as a natural operation in the course of viewing the sector, as it has to do all the time as part of its regulation. It is also clear that setting up a new provider in this area is not without problems. A certain degree of capital expenditure is probably necessary and there would certainly be other costs as well, running costs in particular. It is therefore right, as was said originally and as I say again, that the regulator should take appropriate steps to encourage the meeting of those needs. The main support for this provision came from the noble Baroness and my noble friend but I thought this would be a neat way of achieving exactly what they wanted, without the elaboration of a further committee. In due course, I shall move this amendment.