To ask the Scottish Executive how much of the Strategic Timber Transport Fund remains unallocated.
The value of the currentfund is £13 million. To date £9 million has been allocated from the fund, therefore,at this time £4 million is unallocated.
However, six additionalprojects to the value of £1.3 million are currently under consideration throughthe Strategic Timber Transport Scheme and another four, to the value of £700,000,are under revision by the applicants. If all are accepted this will leave £2 millionunallocated, pending a final round of submissions in January 2008.
Pre-submissions indicatethat potential applications for the final round on 31 January 2008 already total £1.9 million. If this came to fruition,then only £100,000 of the original fund would be unallocated by the end completiondate of 31 March 2008.
Due to the long lead-intimes associated with many of the approved partnership projects, there has beena delay in actual uptake of the grant monies. Projected total cash expenditure inthe life of the Fund, by the end of March 2008, is approximately £4 million. Thereforethe carry over into the next tranche of the fund could be as much as £9 million,dependant on performance of the projects up to 31 March 2008.