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46837

	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 much in Regional Growth Fund money is currently held by intermediaries; and how much such money has been allocated (a) in each bidding round, (b) to each intermediary and (c) in each region.
	tabling member constituency	Streatham
	tabling member printed	Mr Chuka Umunna
	uin	195284
	answer	answer is ministerial correction date of answer 09/04/2014 answer text <p>From the four Regional Growth Fund (RGF) bidding rounds, £1.5 billion has been allocated to RGF programmes from which grants are made to small and medium-sized enterprises (SMEs.)</p><p> </p><p>Of this, £452 million was allocated to 13 endowment programmes in Rounds 1 and 2 that received the full payment of their RGF grant upfront. These programmes have since invested £144 million to date in individual projects, and of the remaining £308 million held by such endowment programmes, a further £154 million is already committed to specific SME projects.</p><p> </p><p>Non–endowment programmes are funded a quarter in advance on evidence of credible pipeline projects. These programmes have spent £172 million with a further £151 million of RGF paid to them in the last financial quarter under the expectation it would be spent this quarter. The money held by these programmes is not causing any delay to individual projects as businesses claim the money according to their business needs. A table of RGF funding allocated to intermediaries by each bidding round and region will be placed in the libraries of the House.</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 attachment 1 file name table for PQ 195284.doc title Regional Growth Funding
	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

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