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To ask the Secretary of State for Culture, Olympics, Media and Sport (1) with reference to her Department's recent announcement that £377 million of the £480 million uncommitted contingency funding for the London 2012 Olympics and Paralympics will be paid to her Department, whether she gave consideration to using this...
To ask the Secretary of State for Culture, Olympics, Media and Sport (1) with reference to her Department's recent announcement that £377 million of the £480 million uncommitted contingency funding for the London 2012 Olympics and Paralympics will be paid to her Department, whether she gave consideration to using this...
The forecast underspend of £377 million in the public sector funding package (PSFP) for the London 2012 Olympic and Paralympic Games, is the forecast of unspent funds held by HM Treasury as the Government's contribution to the PSFP. These unspent funds will be retained by HM Treasury. The national lottery distributors, including the Big Lottery Fund, will benefit from funds remaining in the Olympic Lottery Distribution Fund, not required for the Olympic and Paralympic programme, and will also receive just over £69 million from the receipts of sale of the Olympic Village, expected in 2014. The position remains that the national lottery distributors will be reimbursed for their additional contribution of £675 million to the PSFP from the receipts of sale of land on the Olympic Park.
(2) with reference to her Department's recent announcement that £480 million of uncommitted contingency funding for the London 2012 Olympics and Paralympics remains unspent, if she will refund £425 million to the Big Lottery Fund immediately rather than following the sale of Olympic assets.
[125477]
Mr Jim Cunningham:
(2) with reference to her Department's recent announcement that £480 million of uncommitted contingency funding for the London 2012 Olympics and Paralympics remains unspent, if she will refund £425 million to the Big Lottery Fund immediately rather than following the sale of Olympic assets.
[125477]
Mr Jim Cunningham:
The forecast underspend of £377 million in the public sector funding package (PSFP) for the London 2012 Olympic and Paralympic Games, is the forecast of unspent funds held by HM Treasury as the Government's contribution to the PSFP. These unspent funds will be retained by HM Treasury. The national lottery distributors, including the Big Lottery Fund, will benefit from funds remaining in the Olympic Lottery Distribution Fund, not required for the Olympic and Paralympic programme, and will also receive just over £69 million from the receipts of sale of the Olympic Village, expected in 2014. The position remains that the national lottery distributors will be reimbursed for their additional contribution of £675 million to the PSFP from the receipts of sale of land on the Olympic Park.
To ask the Secretary of State for Culture, Olympics, Media and Sport how much of the London 2012 Olympics (a) budget and (b) contingency fund was unspent.
[121085]
To ask the Secretary of State for Culture, Olympics, Media and Sport how much of the London 2012 Olympics (a) budget and (b) contingency fund was unspent.
[121085]
The latest published figures on the public sector funding package for the London 2012 games were announced to Parliament on 13 June 2012. The announcement, which coincided with the publication of the Department's latest quarterly report on the games, showed that £476 million of the £9.3 billion budget remained uncommitted. This comprised £88 million uncommitted contingency held by the Olympic Delivery Authority, and £388 million uncommitted contingency held by central Government. We will be publishing updated figures, covering the period to the end of the games, in our next quarterly report later this autumn.
To ask the Secretary of State for Culture, Olympics, Media and Sport what financial support his Department provides for non-facility-owning sports clubs.
To ask the Secretary of State for Culture, Olympics, Media and Sport what financial support his Department provides for non-facility-owning sports clubs.
To ask the Secretary of State for Culture, Olympics, Media and Sport if he will bring forward proposals to simplify the provision of information to sports clubs on making grant applications.
To ask the Secretary of State for Culture, Olympics, Media and Sport if he will bring forward proposals to simplify the provision of information to sports clubs on making grant applications.