OM Energy

Trade and Industry written question – answered on 1st May 2007.

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Photo of John Hemming John Hemming Liberal Democrat, Birmingham, Yardley

To ask the Secretary of State for Trade and Industry when his Department expects to cease providing support to OM Energy Ltd.

Photo of Ian McCartney Ian McCartney Minister of State (Trade & Investment), Department of Trade and Industry, Minister of State (Trade & Investment), Foreign & Commonwealth Office

The key objective of UK Trade and Investment's Global Entrepreneur Programme is to create self sustaining, high growth UK technology businesses by attracting both worldwide intellectual property and entrepreneurial talent here. The latest phase of the OM Energy project will include the recruitment of a highly experienced global management team to take forward the next stage of the company's strategy. This will limit the need for significant ongoing support from the Global Entrepreneur Programme.

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