§ Mr. Harry Greenway
To ask the President of the Board of Trade which areas have been selected for assistance under the Konver initiative; what types of projects will be supported; how many jobs are expected to result; what funds are involved; and if he will make a statement.
§ Mr. Charles Wardle
A list of priority areas eligible for Konver II will be published by European Commission in theOfficial Journal shortly. I expect the London borough of Ealing to be included in this list. The 143W Government are currently considering additional areas to be included in the British programme to be sent to the Commission by 1 March. Once the programme has been agreed, probably in the summer, applications for grant can be considered.
Konver targets small and medium enterprises needing advice and support for diversification, such as the promotion of innovation, know-how and technology transfer and feasibility studies. The rehabilitation of military sites and environmental improvement is also covered. There is also a provision for training.
The number of jobs likely to be created through Konver II will not be known until applications are received and considered.
Konver I grants worth £17.9 million were awarded in 1993 to projects across the country. The UK's allocation from Konver II will be £79 million.