Spring Supplementary Estimates 2006/7 and 2007/08
Written Statement on Department of Trade & Industry's 2006/7 and 2007/8 Budgets
This statement sets out the changes that the Department is taking to manage its budgets in the current and next financial year.
In 2006/7 the Department is transferring £33m from underspends in the Science budget to its non-Science budget. The Science budget this year is £3.268bn.
In relation to 2007/8, we are reducing our contribution to the RDA budget, which totals £2.3bn, by £50m, and we do not anticipate that the second instalment of the loan that was taken from accumulated Science underspends at the time of the last Spring Supplementary will be repaid.
Spring Supplementary Estimates 2006/07 – Written Statement