New Millennium Experience Company: Chairman

Part of the debate – in the House of Lords at 3:17 pm on 24th May 2000.

Alert me about debates like this

Photo of Lord Falconer of Thoroton Lord Falconer of Thoroton Minister of State, Cabinet Office 3:17 pm, 24th May 2000

My Lords, plainly it was a matter for the board to determine whether or not it was trading while insolvent. It is a board of responsible people who, I am quite sure, would come to the right and honourable decision in that respect. The National Lottery Fund was the funder, just as is a bank of such an operation. The NMEC company had to make a convincing case to the Millennium Commission in order to receive further funding, which it did.