§ Mr. HendryTo ask the Secretary of State for Education and Employment, pursuant to his answer of 3 February,Official Report, column 466, what level of TEC reserves is available for discretionary expenditure. [16856]
§ Mr. PaiceThe information provided by training and enterprise councils in England about the level of reserves shown in their statutory accounts for 1995–96 show that the total of £260 million comprised £51 million for investment in capital assets, £86 million for working capital and £123 million for discretionary expenditure. Of the sum available for discretionary expenditure, £102 million was earmarked for planned expenditure in 1996–97 and beyond for economic regeneration and other purposes in line with their corporate and business plans.