CONFIDENTIAL
include £5.25 million for this purpose (with a commitment to a similar provision in FY 1992/93). One disadvantage of this option is that, even if this bid was approved by the Treasury, funds would not become available until April 1991 at the
earliest.
ii) The other option would be to make a separate bid to the Treasury for funds from the Reserve. However, such a bid is most unlikely to be considered by the Treasury until later in
the financial year.
On balance it would therefore be better to proceed through the 1990
PES process.
R Marsden
CONFIDENTIAL