Skip to main content

Written question asked by Tim Farron (Liberal Democrat) on Wednesday, 20 February 2008, in the House of Commons. It was due for an answer on Monday, 25 February 2008. It was answered by Angela Eagle (Labour) on Tuesday, 26 February 2008 on behalf of the Treasury.


Northern Rock Foundation

Question
To ask the Chancellor of the Exchequer if he will ensure that the guaranteed funds for the Northern Rock Foundation will go to funding arts and heritage projects.
Answer

[holding answer 25 February 2008]: As part of the Government's decision to take Northern Rock plc into temporary public ownership, on 17 February the Treasury announced that the Northern Rock Foundation will receive from Northern Rock a minimum of £15 million a year in 2008, 2009 and 2010. The distribution of funds is a matter for the trustees of the Northern Rock Foundation.


Secondary information

Type
Written question
Reference
472 c1489W; 188892
Session
2007-08
Subjects
Northern Rock Foundation
Link
View this Written question on www.publications.parliament.uk