§ Mr. Campbell-SavoursTo ask the President of the Board of Trade what is his estimate of the underspend on the ESF and ERDF budgets for the North-west in the period 1994 to 1996. [24692]
§ Mrs. Roche[holding answer 26 January 1998]: For the two 1994–96 Structural Funds Objective 2 programmes covering the North-west, current estimates are that there will be no underspend of the Manchester/Lancashire/ Cheshire programme but that the West Cumbria and Furness programme may be underspent by 6 per cent. 415W (about £0.9 million ERDF and £0.2 million ESF). These estimates will be affected by future exchange rate movements and final project costs.