§ Lord Inglewoodasked Her Majesty's Government:
In view of the job losses announced in Furness, whether they will review the level of regional assistance from the United Kingdom exchequer available in the area. [HL1429]
§ The Parliamentary Under-Secretary of State, Department of Trade and Industry (Lord Sainsbury of Turville)Resources available to the North West Development Agency (NWDA), which covers the Furness a -ea, are increasing from £314 million in 2002–03 to £331 million in 2003–04, £346 million in 2004–05 and –369 million in 2005–06. We believe these increases, of between 5 and 7 per cent year on year, will allow the NWDA to respond to the changing economic situation in the area.