The Department's annual reports contain information on departmental management and public service delivery, including on measures taken to improve efficiency and value for money.
For the years 1997-98 and 1998-99, value for money and efficiency savings were not reported separately in the Department's annual reports but were contained within the chapters on the management of the Department.
During the period covered by the 1998 Comprehensive Spending Review (1999-2002), the Department had a strategic efficiency target to achieve savings of 2.5 per cent. of its running costs each year. In 1999-2000 DTI achieved a saving of 2.6 per cent. of running costs (£10.6 million on projected costs of £406.6 million); and in 2000-01 a saving of 4.6 per cent. (£19.3 million on projected costs of £418.8 million).
The CSR98 efficiency target was replaced for the 2000 Spending Review period (2001-04) by a Public Service Agreement Target to “achieve value for money improvements of 2.5 per cent. a year across the Department”, which was carried over into the 2002 Spending Review (2003-06). In 2001-02 value for money improvements under this target amounted to 3.79 per cent. (£16 million on projected costs of £422.3 million); and in 2002-03 amounted to 4.5 per cent. (£20.2 million on projected costs of £449.9 million).
Value for money improvements related to administration under the SR2002 PSA12 value for the money target amounted to £35.4 million in 2003-04 and £351.7 million in 2004-05. The Department's performance for 2005-06 against this PSA target will be covered in the 2006 departmental report, which was due to be published in spring 2006.
In the 2004 Spending Review the Department committed to achieve annual efficiencies of at least £380 million by 2007-08. The 2005 Autumn Performance Report, published last December, provides the most recent assessment of the Department's performance against this target. £27.97 million efficiency gains related to administration spend were achieved by the end of Quarter 2.