Fully private-sector mortgages would be more expensive, but at the right price banks will lend.
In fact, village officials say, there are few fully private-sector jobs on the island.
The government today admitted that the £1.1bn Olympic Village would be fully nationalised after private sector interest in the scheme evaporated in the wake of the economic slump.
"The Mayor is asked to direct the LDA to fund £1.213m in 2010-11 theardevelopmentlophase phase of the East London Cable Car project". Should these not be fully met through private sector investment or funding, the scheme would require public sector capital subsidy.
Are there creative institutional structures that could more fully harness the private sector while helping financially troubled national utility companies, for example, by breaking off the most rural, unprofitable markets from utility company jurisdiction and administering them through a subsidized platform?
The need fully to engage the private sector reflects not only the growing determination of business to act in a sustainable way but, crucially, its determination to listen to customers.
"A common view expressed during consultations with stakeholders in the preparation of this communication is that the EU's political weight represents a comparative advantage that it should harness more fully in support of private sector development objectives," it said.
During the last period of significant fiscal austerity in the 1990s even more jobs were lost, but these were fully absorbed by a vibrant private sector.
"The government was not prepared to run the political risk of fully transferring services to the private sector with the result that they could be accused of being naive or allowing excess profitmaking by private sector firms".
The coalition, according to the leaked memo, is "not prepared to run the political risk of fully transferring services to the private sector with the result that they could be accused of being naive or allowing excess profit-making by private sector firms".
