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582142
star this property registered interest false more like this
star this property date less than 2016-09-12more like thismore than 2016-09-12
star this property answering body
Department for International Trade more like this
star this property answering dept id 202 more like this
star this property answering dept short name International Trade remove filter
star this property answering dept sort name International Trade more like this
unstar this property hansard heading Department for International Trade: Aventa Capital Partners remove filter
star this property house id 1 more like this
star this property legislature
25259
unstar this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for International Trade, what factors Ministers in his Department took into account when signing a memorandum of understanding with Aventa Capital in 2014. more like this
star this property tabling member constituency Monmouth more like this
star this property tabling member printed
David T. C. Davies remove filter
star this property uin 46047 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
unstar this property date of answer less than 2016-09-20more like thismore than 2016-09-20
star this property answer text <p>A Memorandum of Understanding (MoU) is a high-level arrangement, which is not legally binding, and enables the participants to work together toward a desired outcome. Between the period April 2014 to October 2015, the Regeneration Investment Organisation (RIO) negotiated MoUs with seven companies. Only one of those MoUs remains in place.</p><p>Aventa is a regeneration investor and comprises a regulated asset management company and a vehicle for managing early stage development and construction risk. The Regeneration Investment Organisation and Aventa Capital MoU was developed in October 2014 to support Aventa’s work in seeking to develop a regeneration fund and thereby encourage institutional investment into UK regeneration projects. The Department felt the proposal covered by the MoU was viable given Aventa’s sector and management experience.</p><p>There was no commitment on the part of RIO to provide any capital or resource in connection with the agreement. In addition, any recommendation from Aventa would have been reviewed and subjected to due diligence by the developer as a commercial partner. The MoU was concluded, by mutual agreement, following meetings with officials during December 2014.</p><p> </p>
star this property answering member constituency Chelsea and Fulham more like this
star this property answering member printed Greg Hands more like this
star this property grouped question UIN
46048 more like this
46049 more like this
star this property question first answered
less than 2016-09-20T13:52:11.843Zmore like thismore than 2016-09-20T13:52:11.843Z
star this property answering member
1526
star this property label Biography information for Greg Hands more like this
unstar this property tabling member
1545
unstar this property label Biography information for David T. C. Davies more like this
582143
star this property registered interest false more like this
star this property date less than 2016-09-12more like thismore than 2016-09-12
star this property answering body
Department for International Trade more like this
star this property answering dept id 202 more like this
star this property answering dept short name International Trade remove filter
star this property answering dept sort name International Trade more like this
unstar this property hansard heading Department for International Trade: Aventa Capital Partners remove filter
star this property house id 1 more like this
star this property legislature
25259
unstar this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for International Trade, whether his Department has made an assessment of the adequacy of the memorandum of understanding signed between the Regeneration Investment Organisation and Aventa Capital. more like this
star this property tabling member constituency Monmouth more like this
star this property tabling member printed
David T. C. Davies remove filter
star this property uin 46049 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
unstar this property date of answer less than 2016-09-20more like thismore than 2016-09-20
star this property answer text <p>A Memorandum of Understanding (MoU) is a high-level arrangement, which is not legally binding, and enables the participants to work together toward a desired outcome. Between the period April 2014 to October 2015, the Regeneration Investment Organisation (RIO) negotiated MoUs with seven companies. Only one of those MoUs remains in place.</p><p>Aventa is a regeneration investor and comprises a regulated asset management company and a vehicle for managing early stage development and construction risk. The Regeneration Investment Organisation and Aventa Capital MoU was developed in October 2014 to support Aventa’s work in seeking to develop a regeneration fund and thereby encourage institutional investment into UK regeneration projects. The Department felt the proposal covered by the MoU was viable given Aventa’s sector and management experience.</p><p>There was no commitment on the part of RIO to provide any capital or resource in connection with the agreement. In addition, any recommendation from Aventa would have been reviewed and subjected to due diligence by the developer as a commercial partner. The MoU was concluded, by mutual agreement, following meetings with officials during December 2014.</p><p> </p>
star this property answering member constituency Chelsea and Fulham more like this
star this property answering member printed Greg Hands more like this
star this property grouped question UIN
46047 more like this
46048 more like this
star this property question first answered
less than 2016-09-20T13:52:11.967Zmore like thismore than 2016-09-20T13:52:11.967Z
star this property answering member
1526
star this property label Biography information for Greg Hands more like this
unstar this property tabling member
1545
unstar this property label Biography information for David T. C. Davies more like this