The noble Lord is right to say that this is not an either/or question; it is important that we focus money on music education as well. We have been doing that with the music hubs, and that is an important part of the equation. Clearly, the feasibility study will look at all aspects but that will certainly include trying to lever in a significant amount of private money. However, I repeat that we need somewhere of national significance.
My Lords, I declare an interest as chairman of the Royal College of Music. The Minister did not mention concert halls a bit closer to home in Birmingham and Manchester, which are world-class. It must surely be sensible to have an equivalent concert hall in the centre of London. At this stage of proceedings, it would be very helpful if he could give an indication of the likely cost of such a concert hall.
The noble Lord is quite right: there are concert halls of great standing outside London. He mentioned two; there is also, of course, the Sage in Gateshead. That is why we need somewhere in the capital city that is comparable to those great centres. The feasibility study is, of course, to look at the cost; I am not in a position at this stage to give any indication of what that will be.