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Written question asked by Lord Laird (Ulster Unionist Party), in the House of Lords. It was answered by Baroness Wilcox (Conservative) on Tuesday, 15 June 2010.

Independent Networks Co-operative Association Ltd

Question
To ask Her Majesty’s Government whether they will ask the Financial Services Authority to investigate the compliance of Independent Networks Co-operative Association Ltd (INCA Ltd) with the company rules lodged upon its formation; whether they will place a copy of those rules in the Library of the House; how much money they, Government agencies, local authorities and regional development agencies have paid to INCA Ltd since its formation; for what purpose; and which department or body paid the money in each case.
Answer

As per Answers to previous recent Questions from the noble Lord, the Financial Services Authority (FSA) has not had any reason to investigate INCA Ltd and nor have the Government. INCA's rules are publicly available from the FSA. A grant offer letter was made to INCA Ltd by the Department for Business, Innovation and Skills in December 2009. Under the terms of the letter a grant of up to £150,000 was available. Payments under the terms of the offer letter have been made to INCA Ltd as follows: 11 March 2010—£31,750.00; 30 March 2010—£14,089.46; 20 April 2010—£13,053.62; and 10 June 2010—£25,117.07. The total amount paid to date is therefore £84,010.15.

Secondary information

Type
Written question
Reference
247; 719 c104-5WA
Session
2010-12
Related items
Show all related items (11)
Networks Co-operative Association
Wednesday, 28 July 2010
Written questions
House of Lords
Subjects
Grants Financial Services Authority Independent Networks Co-operative Association
Link
View this Written question on www.publications.parliament.uk