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Eastern Bloc (Training)

Volume 226: debated on Wednesday 16 June 1993

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To ask the Secretary of State for Foreign and Commonwealth Affairs what resources are currently being devoted to the Chancellor of the Exchequer's financial sector scheme for extending work experience and training in the United Kingdom and other OECD countries to assist in modernising the financial services industry in ex-eastern bloc countries; and if he will list Britain's financial services industry organisations participating in the scheme and the locations of current secondees and the lengths of their approximate periods of secondment.

[holding answer 14 June 1993]: The sum of £9·3 million is allocated to the scheme covering selection costs, air fares, induction training in Britain and British Council management charges. Training is not offered outside the United Kingdom and the scheme is limited to participants from the former Soviet Union and the Baltic states.I am placing a list with the further details the hon. Member requested in the Library of the House.

United Kingdom Know How Fund Chancellor's financial sector scheme
Host companiesTown
3I plcLondon
Abbey National plcMilton Keynes
Bank of ScotlandEdinburgh
Bank of WalesCardiff
Barclays BankLondon
Baring Brothers and Co. Ltd.London
BDO BinderLondon
Beachcroft StanleysLondon
Bradford and Bingley Building SocietyBingley
Close Brothers Ltd.London
Clydesdale Bank plcGlasgow
D. C. Gardner Group plcLondon
D. K. Ray and Co.Beaconsfield
Deutch Bank AGLondon
Eagle Star Insurance Company Ltd.Cheltenham
Equitable Life Assurance SocietyAylesbury
Equity and Law Life AssuranceHigh Wycombe
Ernst and YoungLondon
Financial Research AssociatesLondon
Friends' Provident Life OfficeDorking
Girobank plcBootle
Heart of England Building SocietyWarwick
Herbert SmithLondon
Hogg Robinson Financial Services Ltd.Reading
Invesco MIM Holdings Ltd.London
Italian International Bank plcLondon
Kingston SmithLondon
Lazard Brothers and Co. Ltd.London
Legal and General Group plcLondon
Linklaters and PainesLondon
Lloyds Bank plcLondon
Maclay Murray and SpensEdinburgh
Marsden Building SocietyNelson
Host companiesTown
Martin Currie Investment Management Ltd.Edinburgh
Mercury Asset Management Ltd.London
Midland MontaguLondon
Morgan Grenfell and Co. Ltd.London
N. M. Rothschild and Sons Ltd.London
Nabarro NathonsonLondon
National Provincial Building SocietyBradford
National Provident Institution (NPI)Tonbridge Wells
National Westminster Bank plcLondon
Nationwide Building SocietyNorthampton
Newcastle Building SocietyNewcastle-upon-Tyne
Northern Rock Building SocietyNewcastle-upon-Tyne
Norton RoseLondon
Principality Building SocietyCardiff
Rabin Leacock LipmanLondon
Royal Bank of Scotland plcEdinburgh
Scottish Equitable Life Assurance SocietyEdinburgh
Sedgwick Group plcLondon
Shoosmiths and Harrison SolicitorsNorthampton
Singer and Friedlander Ltd.London
Slaughter and MayLondon
Smith New Court SecuritiesLondon
Sphere Drake Underwriting Management Ltd.Brighton
Standard Chartered BankLondon
Stephenson HarwoodLondon
Sun Alliance GroupLondon
SunLife Assurance Society plcLondon
Svenska HandelsbankenLondon
Swiss Bank CorporationLondon
Tods Murray WSEdinburgh
Touche RossLondon
Woolwich Building SocietyBexleyheath
Wragge and Co.Birmingham
Geographical distribution of current CFSS participants
TownCount of town
TownCount of town
Milton Keynes2
Average lengths of current CFSS attachments
Duration rangeCount of duration range
3 months8
4–6 months8
6–12 months22