HC Deb 28 July 2000 vol 354 cc1103-4W
Mr. Peter Ainsworth

To ask the Secretary of State for Culture, Media and Sport if he will publish the latest cash flow projections for the New Millennium Experience Company; and if he will make a statement. [129281]

Janet Anderson

[holding answer 6 July 2000]: We have contacted the New Millennium Experience Company (NMEC) to request the information, and I will write to the hon. Member as soon as it is available, placing copies of the letter in the Libraries of the House.

Mr. Redwood

To ask the Secretary of State for Culture, Media and Sport what guarantees the Government have offered to financial institutions financing the New Millennium Experience Company. [133470]

Janet Anderson

No financial institution is financing the New Millennium Experience Company (NMEC). No guarantee has therefore been made.

Mr. Redwood

To ask the Secretary of State for Culture, Media and Sport how many visitors a month are needed to the Dome for the New Millennium Experience Company to break even for the last five months of the year. [133466]

Janet Anderson

The New Millennium Experience Company's (NMEC) revised budget is based on six million paying visitors. The Dome has received over 3.5 million visitors to date is now entering what is anticipated to be its busiest period of the year.

Mr. Redwood

To ask the Secretary of State for Culture, Media and Sport which financial institution is providing the overdraft and working capital needed by the New Millennium Experience Company. [133471]

Janet Anderson

No financial institution is providing an overdraft or working capital to the New Millennium Experience Company.

Mr. Redwood

To ask the Secretary of State for Culture, Media and Sport (1) who will have responsibility for paying for losses at the New Millennium Experience Company once the most recent allocation of lottery money has been spent; [133782]

(2) what proportion of the sale proceeds of the Dome accruing to the New Millennium Experience Company will be returned to the Government as shareholder; [133783]

(3) what arrangements have been made to pay proceeds from the sale of the Dome from the New Millennium Experience Company to the Government as shareholder; [133784]

(4) what proportion of the sale proceeds from the Dome will be allocated to English Partnerships; [133805]

(5) when it is planned to wind up the New Millennium Experience Company. [133859]

Janet Anderson

I regret that it has not been possible to provide an answer before the summer recess. I shall therefore write to the right hon. Member and place a copy of my reply in the Libraries of the House.