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Tag: Chuka Umunna

  • Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Chuka Umunna on 2014-07-15.

    To ask the Secretary of State for Business, Innovation and Skills, what the total value is of all bids made in each region to each round of the Regional Growth Fund including the Exceptional Regional Growth Fund; how much has been committed to winning bidders in each such region in each such round; and how much such funding has been drawn down.

    Greg Clark

    The tables below provide a breakdown of the value of Regional Growth Fund (RGF) by region and round for RGF applications; the committed allocation of RGF to projects and programmes following due diligence. This data excludes those projects and programmes that have withdrawn. The third table sets out the amount drawn down by operational RGF awards to date and the financial years in which the remaining RGF and eRGF is committed through to 31st March 2017. The data is correct as at 2nd October 2014.

    Projects and programmes in Rounds 1 to 4 have until 31 March 2015 to draw down their funding and projects and programmes in Round 5 will be able to draw down funding until 31 March 2017. The Department agrees a draw down profile with each organisation when they sign their grant offer letter that matches the beneficiary’s own investment schedules and job commitments. The subsequent rate of draw down is then subject to the beneficiaries meeting the conditions.

    RGF Applications (£ million)

    Round 1

    Round 2

    Round 3

    Round 4

    Round 5

    Exceptional

    Total

    East Midlands

    231

    529

    124

    163

    56

    1,103

    East of England

    115

    131

    61

    50

    43

    400

    London

    74

    117

    26

    32

    4

    253

    North East

    343

    335

    353

    215

    98

    34

    1,378

    North West

    519

    535

    414

    322

    81

    9

    1,880

    South East

    185

    154

    145

    191

    24

    22

    721

    South West

    144

    232

    322

    219

    57

    15

    989

    West Midlands

    569

    282

    419

    176

    70

    16

    1,532

    Yorkshire and The Humber

    327

    434

    345

    240

    26

    1,372

    Nationwide

    215

    315

    565

    282

    241

    1,618

    TOTAL

    2,722

    3,064

    2,774

    1,890

    700

    96

    11,246

    RGF Committed

    Round 1

    Round 2

    Round 3

    Round 4

    Round 5

    Exceptional

    Grand Total

    East Midlands

    2

    64

    27

    35

    20

    0

    148

    East of England

    14

    35

    25

    15

    5

    0

    95

    Nationwide

    175

    95

    176

    50

    107

    0

    602

    North East

    34

    61

    111

    30

    55

    21

    313

    North West

    20

    182

    105

    86

    20

    5

    418

    South East

    0

    60

    54

    25

    6

    11

    155

    South West

    4

    71

    82

    13

    22

    5

    197

    West Midlands

    89

    95

    151

    55

    30

    17

    437

    Yorkshire and The Humber

    47

    78

    93

    40

    27

    0

    285

    Grand Total

    385

    742

    834

    349

    291

    58

    2651

    RGF Drawn Down by year (£ million)

    Financial Year

    2011/12

    2012/13

    2013/14

    2014/15

    2015/16

    2016/17

    Total

    Actual paid – year to date

    465

    161

    551

    252*

    1,428

    Planned for whole financial year

    1165

    167

    133

    2,642

    The difference between the totals in tables 2 and 3 arises because RGF applicants have not always claimed the full grant available to them.

    *This is the actual amount paid to beneficiaries as of 2nd October 2014.

  • Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Chuka Umunna on 2014-07-15.

    To ask the Secretary of State for Business, Innovation and Skills, with reference to his letter of 2 May 2014 which was placed in the Library, on what date agreement was reached with each of the pilot fishing investors in Royal Mail on share allocations.

    Matthew Hancock

    The allocations to pilot fishing investors was finalised for all these investors on 8 October 2013.

  • Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Chuka Umunna on 2014-07-15.

    To ask the Secretary of State for Business, Innovation and Skills, how many staff (a) in his Department and (b) its executive agencies are currently working wholly or in part on the issue of Sunday trading.

    Jo Swinson

    a) No staff in BIS are currently working full time on the issue of Sunday Trading. There are two policy staff and one lawyer that have Sunday Trading as part of their wider portfolio e.g. providing briefing on policy and employment aspects, answering PQs, drafting responses to Bill amendments and information requests, providing correspondence advice. In addition there are 2 staff that deal with standard correspondence some small proportion of which will include responding to letters referring to Sunday Trading legislation.

    b) We are not aware of any staff in Executive Agencies of BIS that are specifically assigned to work on the issue of Sunday Trading.

  • Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Chuka Umunna on 2014-04-03.

    To ask the Secretary of State for Business, Innovation and Skills, how many apprentices aged (a) 16 to 18, (b) between 19 and 24 and (c) 25 years or over are employed at the Competition and Markets Authority.

    Matthew Hancock

    The Competition and Markets Authority employs no apprentices at this time.

    As a supporter of apprenticeships, the Government launched the first Civil Service Fast Track Apprenticeship Scheme in 2013.

    As at September 2013, the most recent date for which figures are available, the Civil Service Fast Track Apprenticeship Scheme had 100 18-21 year old apprentices employed in permanent posts across government on the 2-year scheme.

  • Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Chuka Umunna on 2014-04-07.

    To ask the Secretary of State for Business, Innovation and Skills, what due diligence was undertaken by officials in his Department in relation to the reliability of the gentlemen’s agreement on the holding of Royal Mail shares by priority investors.

    Michael Fallon

    There was no agreement – gentleman’s or otherwise – on the holding of Royal Mail shares by priority investors.

  • Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Chuka Umunna on 2014-04-03.

    To ask the Secretary of State for Business, Innovation and Skills, what (a) verbal and (b) contractual agreement was made with priority investors in relation to their shareholders during the privatisation of Royal Mail.

    Michael Fallon

    No verbal or contractual agreement of any description – including future intentions for shareholdings – was made between the Government and any investor in the Royal Mail Initial Public Offering (IPO). Any suggestion that there was a “gentleman’s agreement” is false.

  • Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Chuka Umunna on 2014-04-07.

    To ask the Secretary of State for Business, Innovation and Skills, what safeguards were (a) sought and (b) put in place to ensure that priority investors would continue to invest over a longer period of time in respect of the privatisation of Royal Mail.

    Michael Fallon

    More than 500 would-be investors in Royal Mail were approached in the lead up to the sale including potential long term institutional investors.

    As is standard practice for any flotation, we did not seek to lock in any investors in as they would have paid less for a stock they could not trade.

    We understand that the majority of the shares, other than those owned by government, the Royal Mail workforce and retail investors, are currently held by long term institutional investors.

  • Chuka Umunna – 2014 Parliamentary Question to the Department for Work and Pensions

    Chuka Umunna – 2014 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Chuka Umunna on 2014-03-27.

    To ask the Secretary of State for Work and Pensions, how many people have moved off jobseeker’s allowance to jobs on zero-hours contracts in each month since May 2010.

    Esther McVey

    This data is not available.

  • Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Chuka Umunna on 2014-04-03.

    To ask the Secretary of State for Business, Innovation and Skills, what correspondence there was between (a) the bank acting as financial adviser to the Government and (b) banks acting as bookrunners, co-ordinators and lead managers (i) with and (ii) on priority investors; and if he will publish any relevant correspondence.

    Michael Fallon

    The Department has not seen and does not hold copies of any correspondence between Lazard or the Syndicate of banks selling Royal Mail shares and the priority investors.

  • Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    Chuka Umunna – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

    The below Parliamentary question was asked by Chuka Umunna on 2014-04-07.

    To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer to Lord Adonis of 3 June 2013, Official Report, House of Lords, column 122WA, on government departments: secondments, of those secondments to his Department listed on that date, how many of these secondments related (a) wholly, (b) partly and (c) incidentally to the privatisation of Royal Mail; and how many of those secondments took place primarily for the purpose of helping with the privatisation of Royal Mail.

    Michael Fallon

    Of the secondees listed in the answer given to the noble Lord, Lord Adonis on 3 June 2013, two worked on the Royal Mail privatisation in the Shareholder Executive.