HC Deb 03 November 1988 vol 139 cc719-20W
Mr. Andrew Smith

To ask the Secretary of State for Education and Science if he will make a statement on his intentions with regard to regulations governing revenue and capital expenditure by incorporated polytechnics.

Mr. Jackson

Revenue and capital expenditure by incorporated polytechnics will be covered, as appropriate, in the financial memoranda which the Polytechnics and Colleges Funding Council (PCFC) will conclude with each institution in the polytechnics and colleges funding sector. The PCFC will conclude such memoranda having regard to what is required of it in the financial memorandum governing relations between the council and the Department. The Department is currently consulting interested parties, including the PCFC itself and bodies representative of institutions, about the content of that memorandum.

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