The Learning and Skills Council (LSC) spent £226.8 million on administration in financial year 2006-07; the latest 12 months for which figures are available. This includes expenditure on direct staff pay costs; other staffing costs including training and accommodation; and asset depreciation costs.
The LSC’s Grant Letter published in October 2006 set out administration funding for 2007-08 of £219.5 million. The final audited expenditure figures for that year will be published before summer recess.
The LSC’s administration costs have fallen steadily from 4.6 per cent. of total funding in 2001-02, to 1.9 per cent. of its total budget in 2007-08. The latest LSC Grant Letter published in November 2007, shows that further administration efficiency savings will be delivered over the course of the next three years. By 2010-11 the administration budget of the LSC will have fallen to £205.7 million which represents 1.6 per cent. of the total budget of the LSC in that year.