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180201 | BEIS indemnified Cornwall Council for European Regional Development Fund (ERDF)-related liability arising from Wave Hub

Submitted by via InYourArea ... on Thu, 01/03/2018 - 00:00.

February 2018

Part III: Note K - Contingent Liabilities £'000
BEIS has indemnified Cornwall Council for European Regional Development Fund (ERDF)-related liability, arising from the transfer of Wave Hub.
 18,000
Wave Hub: The core Department has indemnified Cornwall Council in respect of the transfer of Wave Hub up to a maximum amount of £5 million. This obligation expires in 2028 due to the limitation period under the signed contract.  5,000

 

HC 808
Central GovernmentSupply Estimates 2017-18
Supplementary Estimates
February 2018

via https://assets.publishing.service.gov.uk/government/uploads/system/uploa...

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