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Written question asked by Lord Redwood (Conservative) on Thursday, 16 October 2003, in the House of Commons. It was due for an answer on Thursday, 23 October 2003. It was answered by Lord Boateng (Labour) on Thursday, 23 October 2003 on behalf of the Treasury.


Treasury

Question
To ask Mr Chancellor of the Exchequer, what this year's budget is for Government subsidy of United Kingdom companies. - Inc figure.
Answer

Mr. Redwood: To ask the Chancellor of the Exchequer what this year's budget is for Government subsidy of United Kingdom companies. [133663] Mr. Boateng: There is no Government budget for subsidies. However, the Government seeks to promote economic growth through tackling the five drivers of productivity (innovation, investment, enterprise, competition and skills). Government Departments that run programmes include the Department of Trade and Industry, whose total budget for business support programmes in 2003-04 stands at £425 million, and the Department for Education and Skills.


Secondary information

Type
Written question
Reference
133663; 411 c653W;411 c657W
Session
2002-03
Subjects
Companies Business Finance Government assistance Subsidies
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk