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Government Indemnity Scheme

Volume 685: debated on Thursday 19 October 2006

My honourable friend the Parliamentary Under-Secretary of State for Culture, Media and Sport (David Lammy) has made the following Written Ministerial Statement.

HM Treasury has granted a biennial increase of £600 million to the contingent liability ceiling under the Government Indemnity Scheme for non-national museums. This increase is due to an increase in both the number and value of temporary exhibitions arranged by non-national museums.

The contingent liability was previously £1.2 billion and now stands at £1.8 billion. This ceiling came into effect from 1 August 2006 and will be valid until 31 July 2008.