1-2 of 2 results for subject:Finance
Librarians' tools
- Search time
- 0.145 seconds
- Solr query time
- 0.003 seconds
- Search query
- subject:Finance
- We searched for
- subject_t:Finance OR subject_ses:91257
Type
House
Session
Year
Department
Member
Primary member
More
Walley, Joan (2)
Answering member
More
Hewitt, Patricia (2)
Legislative stage
Legislation
Subject
Publisher
To ask the Secretary of State for Trade and Industry, what plans she has to assess the working practices of the Medical Research Council; and if she will make a statement; what plans the Medical Research Council has to fund future Alpha rated research projects; what plans the Medical Research...
To ask the Secretary of State for Trade and Industry, what plans she has to assess the working practices of the Medical Research Council; and if she will make a statement; what plans the Medical Research Council has to fund future Alpha rated research projects; what plans the Medical Research...
Asked by
Joan Walley
(Labour)
Answered by
Patricia Hewitt
(Labour)
Answering body
Department of Trade and Industry
Type
Written questions
Status
Answered
Tabled on
27 March 2003
For answer on
3 April 2003
Answered on
3 April 2003
Ms Walley: To ask the Secretary of State for Trade and Industry (1) what plans she has to assess the working practices of the
Medical Research Council; and if she will make a statement; [106247]
(2) what plans the Medical Research Council has to fund future alpha rated research projects; [106246]
(3) what plans the Medical Research Council has made to increase funding for research into obstetrics; and if she will make a
statement; [106249]
(4) what plans she has to assess the funding and management of the Medical Research Council. [106248]
Ms Hewitt: The Medical Research Council (MRC) is internationally renowned for its promotion of excellent medical research. Its core
mission is to support research that will have an impact on human health. Everyone is in agreement that it does this very well.
The Office of Science and Technology (OST) has processes in place to review the planned activities of all the Research Councils.
Each council, including the MRC, submits an annual Operating Plan which sets out their planning and funding assumptions for the
following year. The MRC will be publishing its 2003-04 Operating Plan on its website in due course.
Some of the recommendations and conclusions of the Select Committee report on the MRC issued on 25 March related to management and
planning. We will be responding in detail to the recommendations of the SC report in due course and as part of this will consider
what additional elements we might need to introduce in this specific case into the standard monitoring and reporting processes that
we have with Research Councils in order to address the issues identified.
OST recognised some time ago that the processes underpinning the ability of the MRC to make a judgment of the financial implications
of forward commitments could be improved. OST have been working with them to address this and are pleased with the progress made to
date.
The MRC does not normally earmark funds for particular topics: research proposals in all areas will compete for the funding
available. The MRC spent an estimated £19.1 million in 2001-02 on its reproductive health portfolio. Reproductive health research
includes normal and abnormal fetal and placental development and growth, as well as conditions affecting pregnancy and childbirth.
The MRC always welcomes high quality applications for support into any aspect of human health and these are judged in open
competition with other demands on funding. Awards will continue to be made according to their scientific quality and importance to
human health.
In respect to funding alpha rated research projects, it is not possible to anticipate the number of applications MRC will receive,
nor what the outcome of the subsequent peer review and rating will be at this stage in the cycle. However, set out as follows is a
table representing the MRC's current estimate of the value of awards MRC will be making over the coming session:
Estimates for funding for sessions 2003-04 to 2005-06
These figures reflect the estimated value of awards which the MRC could make for the session which runs September to July as a
useful guide to applicants. Alpha rated research projects would be included in all but the third row of the table. Whole life award
values are the total value of awards. (A grant of £1 million per annum would show as a total of £5 million in the table). They do
not represent MRC's annual expenditure on awards.
Whole life award values
£ million
_________________________________________________________________________________________________.
2003-04 2004-05 2005-06
Provision for renewals of 65 105 180
existing long-term investments
(grants and units), to meet
anticipated demand
Career Establishment Grants 6 6 6
Training/Career Development: 39 40 41
Fellowships and studentships
SR2002 specific initiatives 0 45 105
All other new awards 30 29 38
Totals 140 225 370
_________________________________________________________________________________________________.
These estimates are necessarily very approximate since final totals still depend critically on the mix of awards made from the
different forms of MRC support and assume no other change in MRC's circumstances or calls on its budget.
Subjects
Finance; Management; Research; Medical Research Council; Obstetrics
Date
3 April 2003
Reference
402 c792-4W;402 c793-5W; 106247;106246;106249;106248
House
House of Commons
To ask the Secretary of State for Trade and Industry, if he will set out (a) the timetable and (b) the criteria for the introduction of funding to support businesses in deprived areas under the Community Finance Initiative; and if he will make a statement. - Inc figures and ref...
To ask the Secretary of State for Trade and Industry, if he will set out (a) the timetable and (b) the criteria for the introduction of funding to support businesses in deprived areas under the Community Finance Initiative; and if he will make a statement. - Inc figures and ref...
Asked by
Joan Walley
(Labour)
Answered by
Patricia Hewitt
(Labour)
Answering body
Department of Trade and Industry
Type
Written questions
Status
Answered
Tabled on
28 February 2001
For answer on
6 March 2001
Answered on
6 March 2001
Ms Walley: To ask the Secretary of State for Trade and Industry if he will set out (a) the timetable and (b) the criteria for the
introduction of funding to support businesses in deprived areas under the Community Finance Initiative; and if he will make a
statement. [152147]
Ms Hewitt: I am pleased to be able to report that the chief executive of the Small Business Service announced on 1 March 2001 that
15 organisations have been successful in securing awards from the first round of Phoenix Fund support for Community Finance
Initiatives (CFIs). These awards amount to £5.5 million over the next three years.
CFI support from the Phoenix Fund is allocated on a competitive challenge basis. The assessment process has two elements being, (i)
review by SBS against key criteria stated in the bidding guidance, (ii) an independent assessment panel to advise the SBS Chief
Executive on the final award of Phoenix Fund support. In reviewing the bids the panel was concerned with the soundness of each
proposal, its impact on entrepreneurship in areas of disadvantage, impact on the growth of the CFI sector in the UK and development
of appropriate models and good practice.
Bidding guidance for the first round of Phoenix Fund support for CFIs was issued in June 2000 and copies are held in the Library of
the House.
Subjects
Disadvantaged; Community development; Finance; Small businesses
Date
6 March 2001
Reference
364 c141W; 152147
House
House of Commons