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Proceeding contribution from Ian Pearson (Labour) in the House of Commons on Tuesday, 21 April 2009. It occurred during Debate on bill and Committee of the Whole House (HC) on Industry and Exports (Financial Support) Bill.


Industry and Exports (Financial Support) Bill

I understand the hon. Gentleman's point and I undertake to consider it. If we lay affirmative resolutions, we want to be able to give the reason why they are necessary. Obviously, that would relate to the spend or potential liabilities as a result of Government commitments. The hon. Gentleman asked specific questions about the top five schemes that appear. He can see them from the annual report. They include the grant for business investment—previously called "selective financial assistance"—the enterprise finance guarantee scheme and the Post Office reinvention programme; those would account for the bulk of it. The hon. Gentleman specifically mentioned the Post Office reinvention programme and, as he will be aware, we have made a commitment to the programme of £1.7 billion over the years 2006 to 2011. At this point, I cannot give the hon. Gentleman an actual expenditure figure, although I am sure that some of that information can be made available. However, it is clear that there is a programme of spend going on over a five-year period, and that that spend will take place at the appropriate time for the business.


Secondary information

Type
Proceeding contribution
Reference
491 c157-8 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Finance Exports Industry Grants Export credit guarantees Government assistance UK Export Finance EU grants and loans Motor vehicles Loans Overseas investment
Legislation
Industry and Exports (Financial Support) Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk