§ Mr. Hutton
To ask the President of the Board of Trade (1) how approved Konver-funded schemes will be financed after the expiration of the Konver initiative;
(2) what is his policy towards securing continuing EU support for defence diversification programmes when Konver funding expires; and if he will make a statement;
(3) what is the period for which Konver funding for approved schemes will last; and if he will make a statement.
§ Mr. Sainsbury
[holding answer 13 December 1993]Successful Konver applications will be able to obtain grant for expenditure incurred until May 1995 from the European regional development fund and December 1994 from the European social fund.
It is too early to say whether there will be a second Konver initiative. Detailed proposals from the European Commission for the future of structural funds Community initiatives are awaited.