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45847

	registered interest
	date	31/03/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, whether any alternative learning providers have not met the standards he recently announced on (a) quality assurance, (b) financial sustainability and (c) management and governance.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Mr Liam Byrne
	uin	194323
	answer	answer is ministerial correction date of answer 07/04/2014 answer text <p>To date, 16 alternative providers that applied to have courses designated under the new specific course designation arrangements have not met the standards required. 3 applications were rejected because of quality assurance; 13 applications were rejected because of concerns over financial sustainability.</p> answering member constituency Havant answering member printed Mr David Willetts question first answered 07/04/2014 12:00:00 answering member 53 label Biography information for Lord Willetts
	tabling member	1171 label Biography information for Liam Byrne

45848

	registered interest
	date	31/03/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what steps his Department plans to take to monitor whether alternative learning providers are meeting the standards he recently set out on (a) quality assurance, (b) financial sustainability and (c) management and governance; and how he plans to facilitate the meeting of those standards.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Mr Liam Byrne
	uin	194324
	answer	answer is ministerial correction date of answer 07/04/2014 answer text <p>Under the new specific course designation arrangements alternative learning providers are required immediately to notify the Higher Education Funding Council for England (HEFCE) of any material changes which may affect their financial sustainability or quality of provision. HEFCE will also run an annual monitoring exercise to collect information about the ongoing financial sustainability, quality of provision, and changes to management and governance arrangements at alternative learning providers.</p> answering member constituency Havant answering member printed Mr David Willetts question first answered 07/04/2014 12:00:00 answering member 53 label Biography information for Lord Willetts
	tabling member	1171 label Biography information for Liam Byrne

45852

	registered interest
	date	31/03/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, whether recent increases in the estimated RAB rate for student loans go beyond his Department's target impairment for student loans.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Mr Liam Byrne
	uin	194353
	answer	answer is ministerial correction date of answer 07/04/2014 answer text <p>This Department does not set a target for impairment of student loans. Our reforms were designed to put higher education on a sustainable footing. Universities are now well-funded and this is driving up the quality of the student experience and helping to stimulate economic growth, while keeping access to higher education free at the point of entry.</p> answering member constituency Havant answering member printed Mr David Willetts grouped question UIN 194350 194351 question first answered 07/04/2014 12:00:00 answering member 53 label Biography information for Lord Willetts
	tabling member	1171 label Biography information for Liam Byrne

45853

	registered interest
	date	31/03/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the effect on his Department's total resource Departmental Expenditure Limits of the revised guidance on revaluation of student loan impairments in each of the next three years.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Mr Liam Byrne
	uin	194354
	answer	answer is ministerial correction date of answer 07/04/2014 answer text <p>Student Loan repayments are managed annually under government budgeting rules and any changes, for whatever reason, in forecast repayments, are considered as part of the Parliamentary Supply Process.</p><p>Additional Supply was agreed between this Department and HM Treasury, and approved by Parliament as part of the 2013-14 Supplementary Estimates process.</p> answering member constituency Havant answering member printed Mr David Willetts question first answered 07/04/2014 12:00:00 answering member 53 label Biography information for Lord Willetts
	tabling member	1171 label Biography information for Liam Byrne

45867

	registered interest
	date	31/03/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, if he will publish regular information on the level of his Department's target impairment for student loans.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Mr Liam Byrne
	uin	194351
	answer	answer is ministerial correction date of answer 07/04/2014 answer text <p>This Department does not set a target for impairment of student loans. Our reforms were designed to put higher education on a sustainable footing. Universities are now well-funded and this is driving up the quality of the student experience and helping to stimulate economic growth, while keeping access to higher education free at the point of entry.</p> answering member constituency Havant answering member printed Mr David Willetts grouped question UIN 194350 194353 question first answered 07/04/2014 12:00:00 answering member 53 label Biography information for Lord Willetts
	tabling member	1171 label Biography information for Liam Byrne

45869

	registered interest
	date	31/03/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what his Department's current target impairment for student loans is; how such a level was decided on; when this target was introduced; and what change there has been in this target since its introduction.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Mr Liam Byrne
	uin	194350
	answer	answer is ministerial correction date of answer 07/04/2014 answer text <p>This Department does not set a target for impairment of student loans. Our reforms were designed to put higher education on a sustainable footing. Universities are now well-funded and this is driving up the quality of the student experience and helping to stimulate economic growth, while keeping access to higher education free at the point of entry.</p> answering member constituency Havant answering member printed Mr David Willetts grouped question UIN 194351 194353 question first answered 07/04/2014 12:00:00 answering member 53 label Biography information for Lord Willetts
	tabling member	1171 label Biography information for Liam Byrne

45868

	registered interest
	date	31/03/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, at what stage in the sell-off process student loans will be defined as currently subject to a sale for the purposes of revaluing impairments.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Mr Liam Byrne
	uin	194352
	answer	answer is ministerial correction date of answer 08/04/2014 answer text <p>Student loans are classified as Loans and Receivables and are carried in the Department's Annual Report and Accounts at amortised cost in accordance with International Accounting Standards (IAS 39). Student loans are reviewed annually at the balance sheet date for any objective evidence of impairment, and the value is adjusted as necessary. This is not impacted by the sale process. In accordance with the standard, the classification of student loans will not change following initial recognition. Any gain or loss on disposal will be reported in the annual accounts following sale completion.</p> answering member constituency Havant answering member printed Mr David Willetts question first answered 08/04/2014 12:00:00 answering member 53 label Biography information for Lord Willetts
	tabling member	1171 label Biography information for Liam Byrne

46709

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, if he will break down the £31,400,000 for Royal Mail sale transaction costs in his Department's Supplementary Estimates 2013-14.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Mr Liam Byrne
	uin	195034
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The Supplementary Estimate included a Reserve Claim to cover the cost of managing and realising the Royal Mail pension assets in 2013-14 of c£31.4m. This is in line with the funding arrangement agreed with HM Treasury in May 2011, whereby costs over and above £50m funded by the Department for Business, Innovation and Skills (BIS) would be met by HM Treasury. These assets transferred to Government from the Royal Mail Pension Plan in April 2012.</p><p> </p><p>The Supplementary Estimate also included a Reserve Claim to cover the total cost of the transaction estimated to be around £32.6m of which £9.2m is stamp duty, £13.1m underwriters and intermediaries commission fees, £4.2m underwriters' discretionary fee which has not been paid, and the balance the direct retail cost.</p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	1171 label Biography information for Liam Byrne

46713

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what the total value is of all bids received from Local Enterprise Partnerships for the Local Growth Fund to date.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Mr Liam Byrne
	uin	195056
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>All 39 Local Enterprise Partnerships submitted their Strategic Economic Plans to Government on 31st March. All proposals are currently being reviewed and assessed against the published criteria and it is too early to know the total call on the fund. However from an initial review it is clear that the Local Growth Fund is significantly over-subscribed, with bids totalling approximately three or four times the amount available.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	1171 label Biography information for Liam Byrne

46714

	registered interest
	date	03/04/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Innovation and Skills, what criteria is used to assess bids from local enterprise partnerships for the Local Growth Fund.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Mr Liam Byrne
	uin	195057
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The criteria the Government will be using to assess Strategic Economic Plans and bids for the Local Growth Fund were published in July 2013. There are 3 key criteria: ambition and rationale, value for money and delivery and risk. The most successful LEPs will have strong, deliverable Strategic Economic Plans, evidenced by strong partnership working; robust arrangements for accountability; and effective collaboration across Local Enterprise Partnership geography. These LEPs will earn a greater share of the Local Growth Fund.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 09/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
	tabling member	1171 label Biography information for Liam Byrne