Lord Beecham – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Lord Beecham on 2015-10-05.

To ask Her Majesty’s Government whether they plan to divert part or all of the £160m JEREMIE (Joint European Resources for Micro to medium Enterprises) 2 fund, succeeding the Finance for Business North East fund, to other Northern areas described as part of the Northern Powerhouse; and if so, what proportion of funding will be diverted, and why they are taking such action.

Baroness Neville-Rolfe

The Government has no intention of imposing any arrangements for the next round of ERDF ‘JEREMIE’ style Access to Finance funds that do not carry local support.