As the castle had been constructed with the purpose of short stays, it was actually not practical to live there on a longer-term basis.

"We think that, on a longer-term basis, the stocks are relatively cheap," she said.

Gunn considered applying for the role on a longer-term basis; he had previously applied without success to be Norwich manager in 1998.

"On a longer-term basis, rails offer pretty good value, but they could underperform the market near-term," she said.

Plans were made to sustain the College on a longer-term basis using charitable funding, but these came to nothing.

But eventually the auto maker is seeking to deal with fewer suppliers on a longer-term basis, he said.

"Nobody really knows if they can make AOL into a real media platform over a longer-term basis."

On a longer-term basis it's the growth stocks - those in the biotech industry, the electronics industry and software companies that we're recommending.

On a longer-term basis, the small-cap sector has a ways to go.

The multiannual character of the programme will allow for the planning of initiatives on a longer-term basis.