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Cambridge Online Learning Ltd

Volume 479: debated on Thursday 17 July 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform (1) if he will investigate the circumstances surrounding the transfer of funds related to EU Objective 1 from KMI Offshore Trust to Cambridge Online Learning Ltd; (218273)

(2) if he will investigate the role of the Federal Trust Bank, Guernsey in the transfer of EU Objective 1 funding from Cambridge Online Learning Ltd to KMI Offshore Trust;

(3) if he will investigate the loss of EU Objective 1 funding following the entering into administration in February 2006 of Cambridge Online Learning Ltd;

(4) if he will direct Yorkshire Forward to investigate the sale of assets of Cambridge Online Learning Ltd funded from EU Objective 1 funding;

(5) if he will investigate the circumstances surrounding the payment of EU Objective 1 funding to Cambridge Online Learning Ltd.

I have been asked to reply.

Implementation of the South Yorkshire Objective 1 programme for 2000-06 is the responsibility of Communities and Local Government as the managing authority for the European regional development fund in England. The Government Office for Yorkshire and the Humber will investigate the circumstances leading to the award and potential loss of EU objective 1 funds in this case.