Post Office Funding

Mr. Davey

To ask the Secretary of State for Trade and Industry how the £2 billion investment spent on the Post Office Network since 1999 was spent, broken down by main budget heading. (113911)

The main elements of the Government support of around £2 billion to Post Office Ltd. since 1999 are:

	£ million
Horizon IT project	480
Support for the rural network to 2006	450
Support for urban network reinvention	210
Repayment of historic debt to Royal Mail (to April 2003)	726

Volume 455: debated on Thursday 11 January 2007