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46821

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, how many bids by LEPS to the (a) regional growth fund and (b) exceptional regional growth fund have been (i) under discussion with officials, (ii) submitted, (iii) approved and (iv) rejected in each (A) bidding round and (B) region.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195179
answer	answer is ministerial correction date of answer 10/04/2014 answer text <p>All bids received to the Regional Growth Fund (RGF) and for exceptional RGF (eRGF) support are discussed with officials as part of the appraisal process. The following table lists bids received directly from Local Enterprise Partnerships to the RGF by bidding round and the outcome.</p><p><strong> </strong></p><p><strong>RGF Round 2</strong></p><table><tbody><tr><td><p>Region</p></td><td><p>Number of bids received</p></td><td><p>Number of bids selected</p></td><td><p>Number of bids not selected</p></td></tr><tr><td><p>Yorkshire &amp; Humber</p></td><td><p>5</p></td><td><p>1</p></td><td><p>4</p></td></tr><tr><td><p>North East</p></td><td><p>3</p></td><td><p>0</p></td><td><p>3</p></td></tr><tr><td><p>South East</p></td><td><p>2</p></td><td><p>2</p></td><td><p>0</p></td></tr><tr><td><p>North West</p></td><td><p>3</p></td><td><p>2</p></td><td><p>1</p></td></tr><tr><td><p>East Midlands</p></td><td><p>4</p></td><td><p>2</p></td><td><p>2</p></td></tr><tr><td><p>West Midlands</p></td><td><p>2</p></td><td><p>2</p></td><td><p>0</p></td></tr><tr><td><p>East of England</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td></tr><tr><td><p>South West</p></td><td><p>3</p></td><td><p>2</p></td><td><p>1</p></td></tr></tbody></table><p><strong> </strong></p><p><strong> </strong></p><p><strong> </strong></p><p><strong> </strong></p><p><strong> </strong></p><p><strong>RGF Round 3</strong></p><table><tbody><tr><td><p>Region</p></td><td><p>Number of bids received</p></td><td><p>Number of bids selected</p></td><td><p>Number of bids not selected</p></td></tr><tr><td><p>Yorkshire &amp; Humber</p></td><td><p>3</p></td><td><p>3</p></td><td><p>0</p></td></tr><tr><td><p>North East</p></td><td><p>2</p></td><td><p>2</p></td><td><p>0</p></td></tr><tr><td><p>South East</p></td><td><p>4</p></td><td><p>4</p></td><td><p>0</p></td></tr><tr><td><p>North West</p></td><td><p>3</p></td><td><p>3</p></td><td><p>0</p></td></tr><tr><td><p>East Midlands</p></td><td><p>4</p></td><td><p>4</p></td><td><p>0</p></td></tr><tr><td><p>West Midlands</p></td><td><p>8</p></td><td><p>4</p></td><td><p>4</p></td></tr><tr><td><p>East of England</p></td><td><p>1</p></td><td><p>1</p></td><td><p>0</p></td></tr><tr><td><p>South West</p></td><td><p>4</p></td><td><p>1</p></td><td><p>3</p></td></tr></tbody></table><p> </p><p><strong>RGF Round 4</strong></p><table><tbody><tr><td><p>Region</p></td><td><p>Number of bids received</p></td><td><p>Number of bids selected</p></td><td><p>Number of bids not selected</p></td></tr><tr><td><p>Yorkshire &amp; Humber</p></td><td><p>3</p></td><td><p>3</p></td><td><p>0</p></td></tr><tr><td><p>North East</p></td><td><p>1</p></td><td><p>1</p></td><td><p>0</p></td></tr><tr><td><p>South East</p></td><td><p>5</p></td><td><p>3</p></td><td><p>2</p></td></tr><tr><td><p>North West</p></td><td><p>4</p></td><td><p>3</p></td><td><p>1</p></td></tr><tr><td><p>East Midlands</p></td><td><p>3</p></td><td><p>3</p></td><td><p>0</p></td></tr><tr><td><p>West Midlands</p></td><td><p>7</p></td><td><p>7</p></td><td><p>0</p></td></tr><tr><td><p>East of England</p></td><td><p>2</p></td><td><p>2</p></td><td><p>0</p></td></tr><tr><td><p>South West</p></td><td><p>1</p></td><td><p>1</p></td><td><p>0</p></td></tr></tbody></table><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 10/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
tabling member	4128 label Biography information for Chuka Umunna

46822

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 funds not yet drawn down by winning bidders under the regional growth fund in each bidding round and region.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195181
answer	answer is ministerial correction date of answer 10/04/2014 answer text <p>Regional breakdown of RGF allocations for each bidding round (Rounds 1-4) including the amount drawn down and remaining to be drawn down are provided in the attached tables. This data is as at 2 April. The RGF not drawn down for Rounds 1 to 4 totals £1,238 million. Of this, currently, £1,152 million is budgeted to be drawn down in 2014/15 and later years. Payments schedules are agreed with companies and payments are made when they need them.</p><p><strong> </strong></p><p><strong>Round 1</strong></p><p /><table><tbody><tr><td><p><strong>Region</strong></p></td><td><p><strong>RGF Allocation (£m)</strong></p></td><td><p><strong>RGF Drawdown (£m)</strong></p></td><td><p><strong>RGF not drawn down</strong></p><p><strong>(£m)</strong></p></td></tr><tr><td><p>North West</p></td><td><p>21</p></td><td><p>19</p></td><td><p>2</p></td></tr><tr><td><p>Yorkshire &amp; Humber</p></td><td><p>47</p></td><td><p>39</p></td><td><p>8</p></td></tr><tr><td><p>North East</p></td><td><p>34</p></td><td><p>34</p></td><td><p>0</p></td></tr><tr><td><p>West Midlands</p></td><td><p>89</p></td><td><p>22</p></td><td><p>67</p></td></tr><tr><td><p>East Midlands</p></td><td><p>2</p></td><td><p>2</p></td><td><p>0</p></td></tr><tr><td><p>East of England</p></td><td><p>16</p></td><td><p>10</p></td><td><p>6</p></td></tr><tr><td><p>South East &amp; London</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td></tr><tr><td><p>South West</p></td><td><p>4</p></td><td><p>4</p></td><td><p>0</p></td></tr><tr><td><p>National</p></td><td><p>175</p></td><td><p>175</p></td><td><p>0</p></td></tr><tr><td><p><strong>TOTAL</strong></p></td><td><p><strong>388</strong></p></td><td><p><strong>305</strong></p></td><td><p><strong>83</strong></p></td></tr></tbody></table><p /> <p> </p><p /> <p><strong>Round 2</strong></p><p /><table><tbody><tr><td><p><strong>Region</strong></p></td><td><p><strong>RGF Allocation (£m)</strong></p></td><td><p><strong>RGF Drawdown (£m)</strong></p></td><td><p><strong>RGF not drawn down (£m)</strong></p></td></tr><tr><td><p>North West</p></td><td><p>189</p></td><td><p>123</p></td><td><p>66</p></td></tr><tr><td><p>Yorkshire &amp; Humber</p></td><td><p>68</p></td><td><p>45</p></td><td><p>23</p></td></tr><tr><td><p>North East</p></td><td><p>64</p></td><td><p>56</p></td><td><p>8</p></td></tr><tr><td><p>West Midlands</p></td><td><p>91</p></td><td><p>87</p></td><td><p>4</p></td></tr><tr><td><p>East Midlands</p></td><td><p>80</p></td><td><p>49</p></td><td><p>31</p></td></tr><tr><td><p>East of England</p></td><td><p>35</p></td><td><p>20</p></td><td><p>15</p></td></tr><tr><td><p>South East &amp; London</p></td><td><p>60</p></td><td><p>45</p></td><td><p>15</p></td></tr><tr><td><p>South West</p></td><td><p>71</p></td><td><p>69</p></td><td><p>2</p></td></tr><tr><td><p>National</p></td><td><p>90</p></td><td><p>80</p></td><td><p>10</p></td></tr><tr><td><p><strong>TOTAL</strong></p></td><td><p><strong>748</strong></p></td><td><p><strong>574</strong></p></td><td><p><strong>174</strong></p></td></tr></tbody></table><p /> <p> </p><p /> <p><strong> </strong><strong>Round 3</strong></p><p /><table><tbody><tr><td><p><strong>Region</strong></p></td><td><p><strong>RGF Allocation (£m)</strong></p></td><td><p><strong>RGF Drawdown (£m)</strong></p></td><td><p><strong>RGF not drawn down (£m)</strong></p></td></tr><tr><td><p>North West</p></td><td><p>113</p></td><td><p>43</p></td><td><p>70</p></td></tr><tr><td><p>Yorkshire &amp; Humber</p></td><td><p>63</p></td><td><p>28</p></td><td><p>35</p></td></tr><tr><td><p>North East</p></td><td><p>113</p></td><td><p>44</p></td><td><p>69</p></td></tr><tr><td><p>West Midlands</p></td><td><p>158</p></td><td><p>24</p></td><td><p>134</p></td></tr><tr><td><p>East Midlands</p></td><td><p>57</p></td><td><p>14</p></td><td><p>43</p></td></tr><tr><td><p>East of England</p></td><td><p>25</p></td><td><p>8</p></td><td><p>17</p></td></tr><tr><td><p>South East &amp; London</p></td><td><p>48</p></td><td><p>18</p></td><td><p>30</p></td></tr><tr><td><p>South West</p></td><td><p>82</p></td><td><p>8</p></td><td><p>74</p></td></tr><tr><td><p>National</p></td><td><p>177</p></td><td><p>75</p></td><td><p>102</p></td></tr><tr><td><p><strong>TOTAL</strong></p></td><td><p><strong>836</strong></p></td><td><p><strong>262</strong></p></td><td><p><strong>574</strong></p></td></tr></tbody></table><p /> <p><strong> </strong></p><p /> <p><strong>Round 4</strong></p><p /><table><tbody><tr><td><p><strong>Region</strong></p></td><td><p><strong>RGF Allocation (£m)</strong></p></td><td><p><strong>RGF Drawdown (£m)</strong></p></td><td><p><strong>RGF not drawn down (£m)</strong></p></td></tr><tr><td><p>North West</p></td><td><p>96</p></td><td><p>5</p></td><td><p>91</p></td></tr><tr><td><p>Yorkshire &amp; Humber</p></td><td><p>30</p></td><td><p>2</p></td><td><p>28</p></td></tr><tr><td><p>North East</p></td><td><p>33</p></td><td><p>1</p></td><td><p>32</p></td></tr><tr><td><p>West Midlands</p></td><td><p>65</p></td><td><p>1</p></td><td><p>64</p></td></tr><tr><td><p>East Midlands</p></td><td><p>41</p></td><td><p>1</p></td><td><p>40</p></td></tr><tr><td><p>East of England</p></td><td><p>15</p></td><td><p>3</p></td><td><p>12</p></td></tr><tr><td><p>South East &amp; London</p></td><td><p>25</p></td><td><p>2</p></td><td><p>23</p></td></tr><tr><td><p>South West</p></td><td><p>14</p></td><td><p>0</p></td><td><p>14</p></td></tr><tr><td><p>National</p></td><td><p>115</p></td><td><p>12</p></td><td><p>103</p></td></tr><tr><td><p><strong>TOTAL</strong></p></td><td><p><strong>434</strong></p></td><td><p><strong>27</strong></p></td><td><p><strong>407</strong></p></td></tr></tbody></table><p /> <p> </p><p> </p> answering member constituency Sevenoaks answering member printed Michael Fallon grouped question UIN 195283 195286 question first answered 10/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
tabling member	4128 label Biography information for Chuka Umunna

46823

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 proportion of shares in Royal Mail allocated to priority investors in its recent privatisation are still held by those investors.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195193
answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>As set out in the National Audit Office report, 22% of Royal Mail shares (220.5m) were sold to priority investors. As set out in the NAO report, at the end of January, over a half of the shares remain owned by these investors. Some have sold all their shares; some sold part of their shareholding; and others have acquired more shares.</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	4128 label Biography information for Chuka Umunna

46824

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, how many officials from (a) his Department and (b) its executive agencies and associated public bodies worked on the Royal Mail privatisation.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195201
answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The core team working on the sale of Royal Mail shares was comprised of 17 people. None of the Department's Partner organisations were involved in taking forward the initial public offering.</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	4128 label Biography information for Chuka Umunna

46825

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 names are of (a) the 16 priority investors selected and (b) the 21 priority investors under initial consideration by the Government in the privatisation of Royal Mail.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195210
answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>All investors in Royal Mail, whether individuals or institutions, have a legitimate expectation of privacy. It would not be appropriate to disclose the list of institutions that were allocated shares in the Initial Public Offering (IPO) or the names of investors that participated in the investor engagement prior to the IPO.</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	4128 label Biography information for Chuka Umunna

46826

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 process the Government adopted to (a) identify and (b) select priority investors in the recent Royal Mail privatisation.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195196
answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The process of investor engagement commenced 12 months prior to the Initial Public Offering (IPO). In the initial period, Royal Mail's management met with over 60 high quality institutions to educate them about the business. During pilot fishing in early September 2013, the management team and the Government's banking advisers engaged further with a focused group of 21 well-informed and longer-term investors. Initial indications of potential demand were received from this group; this gave the Government the confidence to proceed with announcing the Intention to Float on 12<sup>th</sup> September 2013.</p><p> </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	4128 label Biography information for Chuka Umunna

46827

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, for what reasons details of arrangements with priority investors in respect of the privatisation of Royal Mail were not published at the time of that privatisation.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195197
answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>The Government did not enter into any direct arrangements with investors. All institutional investors entered into agreements with the underwriting banks (the syndicate) to purchase their allocated shares at the offer price. This is standard practice and applied to all investors.</p><p> </p><p>Details of individual allocations were not disclosed because all investors in Royal Mail - whether individuals or institutions - have a legitimate expectation of privacy.</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	4128 label Biography information for Chuka Umunna

46828

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 incentives were (a) offered to (b) accepted by priority investors in relation to Royal Mail privatisation.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195211
answer	answer is ministerial correction date of answer 28/04/2014 answer text <p>No incentives were offered to priority investors.</p> answering member constituency Sevenoaks answering member printed Michael Fallon question first answered 28/04/2014 12:00:00 answering member 88 label Biography information for Sir Michael Fallon
tabling member	4128 label Biography information for Chuka Umunna

46829

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, how many apprentices aged (a) 16 to 18, (b) 19 to 24 and (c) 25 years or over are employed at each of his Department's executive agencies, non-departmental public bodies and associated bodies and agencies.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195212
answer	answer is ministerial correction date of answer 29/04/2014 answer text <p>I have asked chief executives of the Executive agencies to respond directly to the Hon Member.</p><p> </p><p>Until 2013, the Department for Business, Innovation and Skills did not keep a record of the age of internal apprentices. The table shows the age of both externally recruited apprentices since 2010 and ages of those apprentices embarking on the Departments' internal apprenticeship programme in 2013. The 2013 figure refers to the ages of those on the Departments' internal programme. There are no externally recruited apprentices in the 25 years or over category.</p><table><tbody><tr><td><p> </p></td><td><p>2010</p></td><td><p>2011</p></td><td><p>2012</p></td><td><p>2013</p></td></tr><tr><td><p>16 to 18</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td><td><p>1</p></td></tr><tr><td><p>19 to 24</p></td><td><p>2</p></td><td><p>1</p></td><td><p>2</p></td><td><p>11</p></td></tr><tr><td><p>25 years or over</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td><td><p>16</p></td></tr></tbody></table><p>The Department for Business Innovation and Skills currently has 53 apprentices. We have had 4 successful completions this year.</p><p> </p><p>16 of these 53 apprentices are under the age of 21 with a further 6 apprentices under 21 expected to join the Department later in the year.</p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 29/04/2014 12:00:00 answering member 4070 label Biography information for Matt Hancock attachment 1 file name 195212 - Executive Agencies.pdf title Letters from BIS' Executive Agencies (9)
tabling member	4128 label Biography information for Chuka Umunna

46831

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 (a) discussions and (b) correspondence has taken place between (i) his Department, (ii) Royal Mail, (iii) banks acting as bookrunners, co-ordinators and lead managers and (iv) priority investors since the privatisation of Royal Mail took place; and if he will publish any such relevant correspondence.
tabling member constituency	Streatham
tabling member printed	Mr Chuka Umunna
uin	195278
answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>Since the Initial Public Offering, my Department has had discussions with Royal Mail in our continuing role as a minority shareholder in Royal Mail.</p><p> </p><p>There has been ad hoc contact with the Global Co-ordinators primarily to help with enquiries about the IPO but no formal correspondence.</p><p> </p><p>It is not appropriate to publish correspondence relating to the above on the grounds that it relates to our shareholding or has been provided to help develop Government policy and to do so would inhibit the free and frank advice or exchange of views for the purposes of internal deliberation.</p><p> </p><p>This Department has not had discussions or corresponded with the priority investors.</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	4128 label Biography information for Chuka Umunna