Amendments made: 23, in clause 47, page 37, line 23, leave out “take the form” and insert “be provided by way”.
This amendment, together with Amendment 24, would allow financial assistance under Clause 46 to take any form.
24, in clause 47, page 37, line 23, after “indemnities” insert “or in any other form”.
This amendment, together with Amendment 23, would allow financial assistance under Clause 46 to take any form.
25, in clause 47, page 37, line 25, after “interest” insert “or other return”.
This amendment would ensure that the Minister could provide financial assistance in a way that generates a return other than interest - which might be the case for investment in investment funds.
26, in clause 47, page 37, line 26, at end insert—
“(d) may be provided to an investment fund for onward investment or administrative costs relating to onward investment.”
This amendment would enable the Minister to provide financial assistance to investment funds for onward investment.—(Maria Caulfield.)
Amendment proposed: 14, in clause 47, page 37, line 29, at end, insert—
The intention of this amendment is to provide a policy framework for the allocation of financial assistance.
Question put, That the amendment be made.
It has not been possible to mend the electronic pass reader, so we will repeat the same procedure as previously. We need to wait until the tellers are in place and then I will invite the first hon. Member to come forward.
The Committee having divided: Ayes 208, Noes 330.
Question accordingly negatived.
Clause 47, as amended, ordered to stand part of the Bill.
The list of Members currently certified as eligible for a proxy vote, and of the Members nominated as their proxy, is published at the end of today’s debates.
The occupant of the Chair left the Chair (Programme Order,
The Deputy Speaker resumed the Chair.
Progress reported; Committee to sit again tomorrow.