HC Deb 16 June 1993 vol 226 cc618-20W
Mr. Morgan

To ask the Secretary of State for Foreign and Commonwealth Affairs what resources are currently being devoted to the Chancellor of the Exchequer's financial sector scheme for extending work experience and training in the United Kingdom and other OECD countries to assist in modernising the financial services industry in ex-eastern bloc countries; and if he will list Britain's financial services industry organisations participating in the scheme and the locations of current secondees and the lengths of their approximate periods of secondment.

Mr. Lennox-Boyd

[holding answer 14 June 1993]: The sum of £9.3 million is allocated to the scheme covering selection costs, air fares, induction training in Britain and British Council management charges. Training is not offered outside the United Kingdom and the scheme is limited to participants from the former Soviet Union and the Baltic states.

I am placing a list with the further details the hon. Member requested in the Library of the House.

United Kingdom Know How Fund Chancellor's financial sector scheme
Host companies Town
3I plc London
Abbey National plc Milton Keynes
Bank of Scotland Edinburgh
Bank of Wales Cardiff
Barclays Bank London
Baring Brothers and Co. Ltd. London
BDO Binder London
Beachcroft Stanleys London
Bradford and Bingley Building Society Bingley
Close Brothers Ltd. London
Clydesdale Bank plc Glasgow
D. C. Gardner Group plc London
D. K. Ray and Co. Beaconsfield
Deutch Bank AG London
Eagle Star Insurance Company Ltd. Cheltenham
Equitable Life Assurance Society Aylesbury
Equity and Law Life Assurance High Wycombe
Ernst and Young London
Financial Research Associates London
Friends' Provident Life Office Dorking
Girobank plc Bootle
Heart of England Building Society Warwick
Herbert Smith London
Hogg Robinson Financial Services Ltd. Reading
Invesco MIM Holdings Ltd. London
Italian International Bank plc London
Kingston Smith London
Lazard Brothers and Co. Ltd. London
Legal and General Group plc London
Linklaters and Paines London
Lloyds Bank plc London
Maclay Murray and Spens Edinburgh
Marsden Building Society Nelson
Host companies Town
Martin Currie Investment Management Ltd. Edinburgh
Mercury Asset Management Ltd. London
Midland Montagu London
Morgan Grenfell and Co. Ltd. London
N. M. Rothschild and Sons Ltd. London
Nabarro Nathonson London
National Provincial Building Society Bradford
National Provident Institution (NPI) Tonbridge Wells
National Westminster Bank plc London
Nationwide Building Society Northampton
Newcastle Building Society Newcastle-upon-Tyne
Northern Rock Building Society Newcastle-upon-Tyne
Norton Rose London
Principality Building Society Cardiff
Rabin Leacock Lipman London
Royal Bank of Scotland plc Edinburgh
RYDEN Edinburgh
Scottish Equitable Life Assurance Society Edinburgh
Sedgwick Group plc London
Shoosmiths and Harrison Solicitors Northampton
Singer and Friedlander Ltd. London
Slaughter and May London
Smith New Court Securities London
Sphere Drake Underwriting Management Ltd. Brighton
Standard Chartered Bank London
Stephenson Harwood London
Sun Alliance Group London
SunLife Assurance Society plc London
Svenska Handelsbanken London
Swiss Bank Corporation London
Tods Murray WS Edinburgh
Touche Ross London
Woolwich Building Society Bexleyheath
Wragge and Co. Birmingham
Geographical distribution of current CFSS participants
Town Count of town
Aylesbury 2
Beaconsfield 1
Bexleyheath 1
Bootle 2
Bradford 1
Brighton 1
Cardiff 1
Cheltenham 1
Edinburgh 3
Town Count of town
London 18
Milton Keynes 2
Nelson 1
Newcastle-upon-Tyne 1
Northampton 2
Reading 1
Average lengths of current CFSS attachments
Duration range Count of duration range
3 months 8
4–6 months 8
6–12 months 22