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Venture Capital: Wales

Volume 507: debated on Friday 12 March 2010

To ask the Minister of State, Department for Business, Innovation and Skills what the Barnett consequentials for Wales of the (a) UK High Technology Fund, (b) Regional Venture Capital Funds, (c) Community Development Venture (Bridges) Funds, (d) Early Growth Funds, (e) Enterprise Capital Funds, (f) Aspire Fund and (g) Capital for Enterprise Fund were in each year for which figures are available. (321954)

The UK High Technology Fund, Enterprise Capital Funds, Aspire Fund and Capital for Enterprise Funds are UK funds. The Regional Venture Capital Funds, Early Growth Funds and Community Development Venture (Bridges) Funds were funds available to the English regions only. They were established during 2000-01 and are no longer open to make new investments. The details of the Barnett Consequentials agreed at that time have been archived and are not immediately available. My right Hon. Friend the Minister of State for Regional Economic Development and Co-ordination will write to the hon. Member in the near future. A copy of the letter will be placed in the Libraries of the House.