Part of British Library Board (Power to Borrow) Bill – in the House of Commons at 1:30 pm on 12 March 2021.
The Treasury allocates a pot of £60 million per year that can be loaned out to all cultural organisations given the freedoms I mentioned. The responsibility for allocating that pot is with the Treasury. To my knowledge, there is currently no proposal to change the size of that pot, but of course all of these things are under review in the usual way. On that point, and on my hon. Friend’s first one, I hope he understands that we are not proposing anything here that it is in any way unusual, and that this is putting the British Library on a fair and level playing field. Unless he wants to intervene again, I hope that that clarifies the points he has made. In the probing spirit that he mentions, I hope the Government have been able to provide him with sufficient information so that he does not press his amendments to a vote and he allows the British Library to flourish in a way that will benefit all of our constituencies.