§ Mr. BoswellTo ask the Secretary of State for Education and Employment if he will make a statement on his plans for the disposition of assets held by TECs in cases where it is unclear whether all or part of their acquisition costs was derived from public funds. [123977]
§ Mr. Wicks[holding answer 5 June 2000]We intend to seek to reach agreement with each TEC on the disposition of all assets, irrespective of how they were funded. Our aim in discussions with TECs will be to ensure that assets continue to benefit local communities and that public resources are safeguarded. We envisage there will be a range of different solutions to reflect different local circumstances.