Select Committee on Culture, Media and Sport Minutes of Evidence


Letter to the Chairman of the Committee from the Secretary of State for Culture, Media and Sport

CMS SELECT COMMITTEE INQUIRY INTO THE NATIONAL LOTTERY

  During my evidence last week, I said, in response to a question from David Faber, that I would clarify the timetable for the repayment to Sport England of £20 million of the £120 million Lottery grant awarded to the Football Association (FA) and Wembley National Stadium Ltd (WNSL) for the National Stadium project.

  Under the agreement reached in December 1999, the FA and WNSL agreed to repay Sport England £20 million of the £120 million Lottery grant for the National Stadium project over a five-year period to December 2004 in accordance with the following timetable: £3 million in 2000; £3 million in 2001; £3 million in 2002; £5 million in 2003; and £6 million in 2004. As I explained to the Committee, WNSL will be making repayments from commercial income generated from the sale of corporate facilities. This cannot happen until the banks have agreed to provide the financing necessary to enable WNSL to undertake the rebuilding work.

  I have been given assurances by the FA and WNSL that they intend to honour the agreement reached in December 1999. Once agreement with the banks has been concluded, I will expect WNSL to make the first payment immediately on financial close, and make further payments in accordance with the timetable agreed last December.

  I am copying this letter to the other members of the Committee.

February 2001


 
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