Training and Enterprise Councils

HC Deb 27 January 1998 vol 305 cc191-5W

Mr. Keetch

To ask the Secretary of State for Education and Employment what is the total level of reserves held by each training and enterprise council; and what was the post-tax surplus or deficit for each TEC in (i) 1995–96 and (ii) 1996–97. [24834]

Dr. Howells

A list of Training and Enterprise Councils (TECs)/Chambers of Commerce, Training and Enterprise (CCTEs) and their accumulated reserves is shown in the following table. This information is drawn from each TEC' s annual statutory accounts at the end of the financial years 1995–96 and 1996–97. Where TECs/CCTEs have subsidiary companies, the consolidated group position is shown.

TECs/CCTEs are allowed to generate surpluses and create reserves by subcontracting training at a lower unit price than that negotiated with the Department. Surpluses are used by TECs/CCTEs to provide working capital and on activities in support of their corporate and business plan objectives which are agreed with the Government. Examples of the use of these funds include the provision of additional opportunities within existing DfEE programmes; matching funding for European-funded projects; and other training, enterprise or economic development initiatives designed to meet identified local needs. Staff in Government Offices are currently discussing with each TEC how they can best use their reserves to support the Government's priorities.

TECs/CCTEs by region
£
	Post tax surplus/deficit 1995–96	Reserves 1995–96	Post tax surplus/deficit 1996–96	Reserves 1996–97
Leeds	207,287	4,228,110	1,999,915	5,768,719
North Yorks	(132,000)	5,535,000	404,000	5,939,000
Rotherham	1,074,660	4,419,256	(969,557)	3,449,699
Sheffield	788,000	5,717,000	167,000	3,683,000
Wakefield	500,611	4,107,933	501,765	4,011,189
	5,071,439	40,482,065	2,947,415	40,198,665
Eastern
Bedfordshire	392,006	1,347,628	726,422	2,074,050
Cambridgeshire	378,209	1,286,849	496,072	1,782,921
Essex	2,459,798	7,066,397	(964,000)	6,102,000
Greater Peterborough	(75,628)	1,408,067	134,743	1,542,810
Hertfordshire	520,000	3,770,000	516,000	4,286,000
Norfolk and Waveney	1,372,000	4,260,000	(1,373,000)	2,887,000
Suffolk	1,158,123	2,290,854	(468,509)	1,822,345
	6,204,508	21,429,795	(932,272)	20,497,126
East Midlands
Greater Nottingham	817,000	2,394,000	830,000	3,224,000
Leicestershire	1,252,154	6,472,807	(1,623,7050	4,849,102
Lincolnshire	652,071	2,295,863	898,959	3,194,822
Northamptonshire	443,441	1,991,332	1,511,680	3,503,012
North Derbyshire	138,008	1,238,306	135,247	1,373,553
North Nottinghamshire	280,867	3,111,550	134,456	3,246,006
South Derbyshire	642,000	3,961,000	1,236,000	5,197,000
	4,225,541	21,464,858	3,122,637	24,587,495
West Midlands
Birmingham	1,013,000	3,987,000	698,000	4,685,000
Central England	255,810	1,798,394	(426,515)	1,371,879
Coventry/Warwick	976,966	2,835,271	(263,464)	3,812,803
Dudley	(277,643)	940,007	(14,551)	979,553
HAWTEC	309,857	1,164,866	877,518	2,435,735
Sandwell	385,104	1,691,913	136,041	1,827,954
Shropshire	497,489	2,273,100	681,163	3,362,209
Staffordshire	385,000	5,629,000	1,548,000	7,177,000
Walsall	563,982	1,254,626	712,669	1,967,295
Wolverhampton	161,000	1,700,000	300,000	2,054,000
	4,270,565	23,274,177	5,357,772	29,673,428
South West
WESTEC	341,000	4,316,000	(1,993,000)	2,323,000
Devon/Cornwall	(620,000)	3,465,000	1,672,000	5,123,000
Dorset	(264,911)	2,626,165	514,099	3,140,264
Gloucester	980,410	3,619,487	367,056	3,986,543
Somerset	(48,000)	2,003,935	423,266	2,427,201
Wiltshire	28,106	1,551,212	503,617	2,054,829
	416,605	17,581,799	1,487,038	19,054,837
London
AZTEC	884,679	4,397,861	524,103	4,921,964
CENTEC3	(22,482)	2,701,498	(870,081)	1,831,417
CILNTEC3	54,123	2,405,603	(2,405,602)	2,896,906
LETEC	2,505,452	8,530,616	(1,079,570)	7,451,046
North London	802,634	7,066,973	(4,254,678)	2,812,295
North West London	1,051,535	2,581,550	343,946	2,925,496
SOLOTEC	2,575,000	6,249,000	1n/a	1n/a
West London	1,383,308	2,608,221	140,775	2,748,996
	9,234,249	36,541,322	(7,601,1070	25,588,120
South East
Hampshire	(1,077,933)	3,758,587	1,272,000	5,030,000
Isle of White	140,565	921,777	(202,382)	719,395
Kent	1,385,448	6,189,635	1,726,101	7,915,736
Milton Keynes/North Bucks	222,758	1,151,259	733,596	1,884,855
Heart of England	(352,446)	2,340,596	(183,474)	2,157,122

TECs/CCTEs by region
£
	Post tax surplus/deficit 1995–96	Reserves 1995-96	Post tax surplus/deficit 1996–97	Reserves 1996–97
Surrey	(56,808)	2,043,823	(30,266)	2,013,557
Sussex	(960,000)	4,595,000	272,000	4,896,000
Thames Valley Ent.	333,309	5,332,077	(488,556)	5,027,201
	(365,107)	26,332,754	3,099,019	29,643,866
Grand Total	33,352,406	259,805,560	27,548,646	2,4278,093,323
1 Information for SOLOTEC not yet available.
2 Totals for 1996–97 exclude surpluses and reserves for SOLOTEC.
3 CENTEC and CILNTEC merged in April 1997 to become Focus Central London.
4 Figures are as shown in the respective annual audited accounts for 1995–96 and 1996–97.

In some cases TECs, in their accounts for 1996–97, have restated figures for earlier years. This means that the reserves for 1996–97 may differ from the sum of reserves for 1995–96 and surpluses for 1996–97.