To ask the Secretary of State for Business, Enterprise and Regulatory Reform what the cost has been of establishing the Energy Technologies Institute. (148911)

I have been asked to reply.

The then Secretary of State for Trade and Industry published the prospectus for the Energy Technologies Institute (ETI) on 14 September 2006. It envisaged that the Institute would be fully operational in 2008, with 50:50 public/private sector funding. The intention is that the institute will be legally established later in the autumn. Direct costs so far incurred in supporting the establishment of ETI amount to approximately £573,700.