§ Mr. FatchettTo ask the Secretary of State for National Heritage if he will make a statement on the progress towards obtaining private sector funding for the royal armouries project at Leeds.
§ Mr. SproatI am pleased to say that the royal armouries has identified a potential lead investor, who is in active discussion with the armouries and other interested investors. This lead investor has nominated a chairman and chief executive designate for the proposed operating company. They are currently verifying the business plan and developing a package on which commitments can be made. This is good news for the project and for Leeds.