§ Mr. Gordon PrenticeTo ask the Secretary of State for Work and Pensions if he will list the assets and financial surpluses that were transferred from ELTEC to the Learning and Skills Council for Lancashire. [3441]
§ John HealeyI have been asked to reply.
East Lancashire TEC (ELTEC) has transferred £7,000 worth of its computers and other equipment to the Learning and Skills Council (LSC) for Lancashire as well as providing similar support to the new Business Link in Lancashire. The transfer of any c ash surpluses will be finalised after the TEC has completed its statutory accounts for the year ended March 2001 and appointed a liquidator to wind up the company.
Current estimates suggest that some £1.4 million will be made available to the Lancashire LSC to take forward local initiatives in east Lancashire and a further £1.3 million will go to support Individual Learning Accounts for local people.