§ Mrs. Anne CampbellTo ask the Secretary of State for National Heritage (1) what is the interest accruing to the Exchequer from those parts of awards from national lottery funds which have been allocated but not yet disbursed for each of the last 12 months; [39744]
(2) what extra projects have been funded by the interest accruing to the Exchequer from those parts of awards from national lottery funds which have been allocated but not yet disbursed for each of the last 12 months. [39745]
§ Mr. SproatThe national lottery distribution fund is maintained under the control of the Secretary of State for National Heritage. All money paid into the fund not immediately required for distribution is paid over to the national debt commissioners and invested by them in accordance with Treasury directions. All interest accruing on the fund as a whole is added back and reinvested. It is not possible to identify separately projects which have been supported from this interest. I have set out the interest which accrued on the fund as a whole for the 10 full months since the start of the lottery.
Month Interest £000 1994 December 239 1995 January 578 February 1,261 March 1,172 April 2,136 May 3,113 June 1,139 July 6,199 August 7,238 September 6,449 Total 29,524