Training and Enterprise Councils

HC Deb 03 February 1995 vol 253 c914W

Mr. Peter Bottomley

To ask the Secretary of State for Employment (1) what facilities were available to(a) Government and (b) training providers to check the changing credit rating assessments of TECs;

(2) who offered credit rating assessments of TECs;

(3) when the Government checked the credit ratings of TECs.

Mr. Paice

The Government do not check the credit ratings of training and enterprise councils. They keep in touch with TEC's own statements of their financial position through regular scrutiny of their management accounts, which they receive on a commercial in confidence basis.

The Government TECs' annual statutory accounts, which they are required to lodge with this Department by 31 July and with Companies House by the end of the January following each financial year.

Until the date by which the statutory accounts have to be lodged at Companies House, they are commercial in confidence. But as the Department receives them, copies are placed in the Library.