As I announced last December, the means test for student grants will be amended to take account of the value of certain capital assets as well as income for the 2013/14 academic year. The Deputy will be aware that a dedicated capital assets test implementation group was established to bring forward detailed implementation proposals on new means testing arrangements for student grants, to include the value of assets, for new applicants from the 2013/14 academic year. The report of the implementation group, which I expect to have shortly, will make recommendations on the treatment of various classes of assets. Any proposals in this regards will require Government agreement and necessitate legislative amendment.