Foundation for Sport and the Arts

HC Deb 22 October 1991 vol 196 cc491-2W

Mr. Redmond

To ask the Secretary of State for Education and Science, if he will make a statement on the establishment and operation of the Foundation for Sport and the Arts.

Mr. Atkins

The Foundation for Sport and the Arts is an independent discretionary trust. The cut of 2½ per cent. in pool betting duty included in this year's Finance Act will channel about £20 million a year into the foundation and a further £40 million or so will be contributed each year from funds collected by the pools promoters from their customers. Some two-thirds will be used for athletic sports or athletic games and the remainder for the benefit of the arts. The foundation was launched officially on 18 September.