§ Mr. Tony LloydTo ask the President of the Board of Trade if he will give details of the cost of the launch of regional challenge and the cost of administering it; and if he will make a statement. [25701]
§ Mr. EggarThe cost to Government Departments of the launch of regional challenge has been less than £10,000. The challenge will be administered within the normal running cost budgets of the various Departments and Government offices responsible for structural funds administration.
§ Mr. Tony LloydTo ask the President of the Board of Trade if moneys from European Union sources will be used to fund regional challenge. [25702]
§ Mr. EggarYes. Regional challenge is a competition for grants from the European regional development and social funds.