Written question asked by Lord Foster of Bath (Liberal Democrat) on Tuesday, 11 June 2002, in the House of Commons. It was due for an answer on Tuesday, 2 July 2002. It was answered by Nigel Griffiths (Labour) on Tuesday, 2 July 2002 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask Mr Chancellor of the Exchequer, pursuant to his Answer of 7th May 2002, 385 c33W, on the Community Development Venture Capital Fund, if he will place in the Library the invitation to tender for the Community Development Venture Fund; and if he will make a statement on how the information was made available.

Answer: Mr. Don Foster: To ask the Chancellor of the Exchequer, pursuant to his answer of 7 May 2002, Official Report, column 33W, on the Community Development Venture Fund, if he will place in the Library the invitation to tender for the Community Development Venture Fund; and if he will make a statement on how the information was made available. [61674] Nigel Griffiths: I have been asked to reply. The Community Development Venture Fund (CDVF) is not a Government fund but a private sector led venture capital initiative, in which the Government are an investor alongside other private sector investors. As such, the issue of invitation to tender does not arise in this case. As is common practice in the UK venture capital industry, the fund manager (Bridges Community Ventures Ltd) held discussions with a number of potential investors in the industry.

Secondary information