The intersting thing here to note is that the DR came about with european money, Not government or tax payers money.
As such there will be in place articles regarding what will happen when YF is wound up.

Yes, its assets will vest in the sponsoring government department for Business Skill & Innovation. So it'll be another thing for the Deputy PM to threaten to break the coalition over . . .

Edited by deleted (Thu 22-Sep-11 10:39:03)

The intersting thing here to note is that the DR came about with european money, Not government or tax payers money.

so where does "European money" come from - orchards in the south of Italy ?

Wikipedia says :-

£44 million grant funding from Yorkshire Forward and the European Regional Development Fund.
£40 million loan funding from Yorkshire Forward and the 4 local authorities.
£10 million loan funding from the project technology partner, Thales Group.

By taking some EU funding though projects tend to have to abide by certain sets of rules, exactly how they apply in the rumoured situation I don't know.

With BDUK so close to doing the same thing i.e. projects like this that are bound to end up with overlaps to pure commercial projects, it is a worry.

As I said in the news last week, some other countries have let firms build it, and the worry about wholesale has been tackled later.

In reply to a post by MrSaffron:

some other countries have let firms build it, and the worry about wholesale has been tackled later.

How sensible for a new born service. You learn to walk by taking one step at a time before you run.