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Environmental Research Institute: Finance

Volume 470: debated on Tuesday 15 January 2008

To ask the Secretary of State for Environment, Food and Rural Affairs (1) how much has been committed from the private sector to date for the Environmental Research Institute; (173153)

(2) which organisations have pledged contributions to the Environmental Research Institute.

I have been asked to reply.

In his 2006 Budget Statement, the Prime Minister announced the intention to create “a new energy and environmental research institute”. The Energy Technologies Institute was legally established on 12 December 2007 as a Limited Liability Partnership. Private-sector partners are BP, Caterpillar, EDF Energy, EON UK, Rolls-Royce and Shell, together contributing up to £300 million over 10 years. Additional private sector partners are being sought to match the Government’s commitment of up to £550 million, and to achieve a budget of up to £1.1 billion for the ETI over the next decade.