Ministerial Group. C7 It is anticipated that for the most part the implementation of the arrangements set out in this Concordat will be undertaken at official level. If necessary, however, the arrangements may be overseen by representatives of the United Kingdom Government and the devolved administrations, in a Group whose members will be: • Ministers from the Department for Transport; the Treasury; the Department for Business, Innovation and Skills; and the Foreign and Commonwealth Office; • Ministers representing each of the devolved administrations. C8 Its terms of reference will be: • to facilitate the exchange of information on financial assistance between the United Kingdom Government and the devolved administrations; and • to allow consensus to be reached on the level of assistance to be offered to those large mobile investment projects for which two or more parts of the UK are in competition. C9 There will be an official group to support the Ministerial Group. It will be established under Cabinet Office chairmanship, and will report annually to Ministers on the operation of the Concordat. Independent Evaluation C10 There will be continuing periodic independent evaluation of major programmes of financial assistance to industry on the model of previous evaluations of Regional Selective Assistance (RSA).
Ministerial Group. C7 The arrangements will be overseen by representatives of the United Kingdom Government and the devolved administrations, in a Group whose members will be: • Ministers from the Department of Transport; the Treasury; the Department for Business, Innovation and Skills; and the Foreign and Commonwealth Office; • Ministers representing each of the devolved administrations. C8 Its terms of reference will be: • to facilitate the exchange of information on financial assistance between the United Kingdom Government and the devolved administrations; and • to allow consensus to be reached on the level of assistance to be offered to those large mobile investment projects for which two or more parts of the UK are in competition; C9 There will be an official group to support the Ministerial Group. It will be established under Cabinet Office chairmanship, and will report annually to Ministers on the operation of the concordat. Peer Review C10 Arrangements will be put in place for ex post peer review of selected cases involving financial assistance to industry, to be undertaken on behalf of the official committee, to ensure a continued common understanding and to allow the collection and diffusion of experience and good practice. Independent Evaluation C11 There will be continuing GB or UK-wide periodic independent evaluation of major programmes of financial assistance to industry on the model of previous evaluations of Regional Selective Assistance (RSA). Guidelines C12 The UK Government and the devolved administrations in Scotland and Wales recognise that they have inherited common guidelines on financial assistance to industry. Separate but comparable arrangements apply in Northern Ireland. All parties to this Concordat commit to mutual consultation in adequate detail and to a reasonable timescale where any party proposes to change its policy and practice. Inward Investment C13 The UK Government will continue to be responsible for promotion of the UK as a whole to foreign investors. Promotion of the UK and its constituent parts to foreign investors will be co-ordinated through the adherence of all concerned to guidelines agreed by the International Business Development Forum, on which the devolved administrations will be represented along with UK Trade & Investment and the Regional Development Agencies. C14 Where inward investment functions are carried out by publicly funded bodies, the UK Government or devolved institution sponsoring the body concerned will, as now,...
