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  • LDA Project Funding (Supplementary) [1]

    • Question by: Richard Barnes
    • Meeting date: 11 October 2006
    Actually `dormant' I understand means that a company is not trading and that is not the same definition which you have just used. Not trading means you are not trading.

  • LDA Project Funding (Supplementary) [2]

    • Question by: Richard Barnes
    • Meeting date: 11 October 2006
    OK, can I ask the question another way then? Would you give a grant to a company which is effectively not trading because it has got no business of any size? Would you give it to such an organisation which could hardly be called a company?

  • LDA Project Funding (Supplementary) [3]

    • Question by: Richard Barnes
    • Meeting date: 11 October 2006
    Well, I am talking about a grant the LDA makes to strange organisations.

  • LDA Project Funding (Supplementary) [4]

    • Question by: Richard Barnes
    • Meeting date: 11 October 2006
    Are you confident that procedures are in place to ensure that once funding has been granted, it is actually applied appropriately and is monitored, so that money is applied in accordance with the LDA grant process, or the conditions of the grant?

  • LDA Project Funding (Supplementary) [5]

    • Question by: Richard Barnes
    • Meeting date: 11 October 2006
    No, I am asking about the procedures to ensure that your accounting procedures, your checking procedures, are right.

  • LDA Project Funding (Supplementary) [6]

    • Question by: Richard Barnes
    • Meeting date: 11 October 2006
    As you are aware, I have been looking at the grant procedures of the LDA for some months and I have certainly identified about 20 companies that are dormant that you have given money to. I will not read out the list now, but I can certainly supply that to you.

  • LDA Project Funding (Supplementary) [7]

    • Question by: Richard Barnes
    • Meeting date: 11 October 2006
    Would you expect directors of dormant companies which had a relationship with this building to so declare it?