The British Geological Survey (BGS) is a wholly-owned research centre of the Natural Environment Research Council (NERC). BGS receives funding from the science budget via NERC, and from external commissioned research from the public and private sectors. The annual science budget allocations from NERC to BGS are as follows:
Resource budget Capital budget Total budget 2006-07 126.1 2.3 28.4 2007-08 24.9 26.7 31.6 2008-09 25.2 25.1 30.3 2009-10 26.4 1.7 28.1 1 This figure contains a £1.6 million carry forward from 2005-06. The 2006-07 budgeted figure was actually £24.5 million, in line with the steady increase in the resource budget throughout the four-year period. 2 The larger capital budget figures for 2007-08 and 2008-09 is due to re-building work at the British Geological Survey in Keyworth, with the figure settling back down again in 2009-10.