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Israel-Britain Business Council: Finance

Volume 473: debated on Wednesday 12 March 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform how much was allocated by his Department to the Israel- Britain Business Council in each year since the Council's establishment; whether there are restrictions on the use of these funds; and if he will make a statement. (189037)

UK Trade and Investment (UKTI) allocates £25,000 annually for the activities of the Israel-Britain Business Council (IBBC). This funding supports UKTI's efforts to increase trade and investment with Israel. UKTI officials work closely with both the Director of the IBBC and other UK members, to try to ensure a good fit between the activities of the Business Council and UKTI's strategic priorities for business with Israel including financial services, health care and high technology sectors.