US-UK Enterprise Agreement

Treasury written question – answered on 4th February 2004.

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Photo of Mark Prisk Mark Prisk Shadow Paymaster General

To ask the Chancellor of the Exchequer

(1) if he will list the (a) measures introduced and (b) events taking place as part of the US-UK enterprise agreement;

(2) what meetings officials from his Department had with representatives of the United States Administration regarding the US-UK enterprise agreement;

(3) what the (a) total cost and (b) cost to the United Kingdom Government is of the US-UK enterprise agreement.

Photo of John Healey John Healey The Economic Secretary to the Treasury

The initiatives established in the US-UK Enterprise Agreement are:

a scholarship programme; a forum to share best practice in enterprise education between school and related enterprise education providers and universities in the two countries; a joint government-business meeting to discuss common productivity challenges and policy implications; closer links between technology transfer offices in the US and the UK through the exchange of technology transfer professionals; a review to study the removal of tariff and non-tariff barriers between Europe and America which we are taking forward with our European partners including France, Germany, Ireland and the Netherlands.

Treasury officials have had a number of meetings and discussions with their counterparts in relevant departments in the United States Administration, and are in regular contact with US officials to develop these proposals.

The scholarships will offer the opportunity for entrepreneurs from the UK to study in the US. The budget for these scholarships is in the process of being finalised. Events to follow up the agreement will be announced in due course.

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