§ Mr. MilburnTo ask the President of the Board of Trade what monitoring his Department undertakes of firms receiving regional financial selective assistance once their projects have been completed.
§ Mr. SainsburyRegional selective assistance offer letters require beneficiaries to confirm to the Department at intervals of 18 months and 36 months after the last payment of grant, that job totals and assets relating to the project remain in place or to explain any changes and the reasons for them.
§ Mr. MilburnTo ask the President of the Board of Trade, pursuant to his answer of 9 June,Official Report, column 254, what information he has about any of the firms benefiting from regional financial selective assistance now having ceased trading.
§ Mr. SainsburyThe Department may become aware that individual firms have ceased trading at any time during the normal monitoring of regional selective assistance and this information would be recorded on the case file. However, identifying all such cases would involve disproportionate costs. Firms that discontinue trading 345W after completion of the monitoring period are treated as all other firms and the Department keeps no specific record of them.