Motion made, and Question put forthwith (Standing Order No. 119(11)),

EU Financial Instruments for the Period 2014-20

That this House takes note of European Union Document No. 16301/11, relating to a Commission Communication: A framework for the next generation of innovative financial instruments-the EU equity and debt platforms; notes that the Commission’s proposals increase resources available to the EU; agrees that the maximum acceptable expenditure increase through the next Financial Perspective is a real-terms freeze in payments; and supports the view that Innovative Financial Instruments in the next Financial Perspective, 2014–2020, should only be used to deliver a smaller EU Budget and not to supplement existing funding.—(Mr. Hoban.)

Question agreed to.