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EU Grants and Loans

Volume 487: debated on Monday 26 January 2009

To ask the Chancellor of the Exchequer what applications for approval of state aid made to the European Commission by his Department are awaiting determination; and on what date each such application was made. (250658)

There are currently five state aid applications made by HM Treasury, which are awaiting approval from the European Commission. They are as follows:

1. Venture Capital Trusts, notified on 15 May 2007.

2. Enterprise Investment Scheme, notified on 15 May 2007.

3. Corporate Venturing Scheme, notified on 15 May 2007.

4. Enterprise Management Incentives, notified on 31 June 2008.

5. Northern Rock—restructuring aid package, notified on 17 March 2008.