To ask the Secretary of State for Trade and Industry if he will list the bids for the £50 million university challenge scheme referred to in paragraph 3.59 of the Red Book. [80814]

The 15 winners of the £45 million University Challenge competition, run jointly by Government, Wellcome Trust and the Gatsby Foundation, were announced on 10 March 1999. They are:directive on combating late payment in commercial transactions which, we believe, should complement our own late payment legislation.