The latest estimate of capital expenditure for the Department for Business, Enterprise and Regulatory Reform (BERR) is as follows:
Capital expenditure in £ million 2008-09 forecast outturn 2009-10 budgets allocated 2010-11 CSR07 settlement figures Capital expenditure 143.800 131.054 166.325 Less capital income from launch investment (129.000) (120.000) (184.500) Net capital expenditure 15.800 11.0540 (18.175)1 1 Planned receipts are in excess of expenditure in 2010-11.
The Department’s settlement from the 2007 comprehensive spending review (CSR07) included use of end year flexibility (EYF) stocks and other flexibilities, subject to agreement by HM Treasury. The planned expenditure for 2009-10 includes use of £43 million, the balance of a loan made to the Department for Innovation, Universities and Skills (DIUS), which is due to be repaid in 2009-10. There remains considerable volatility in the planned income received from launch investments in the aerospace sector, which will impact on BERR’s future capital expenditure plans, particularly in 2010-11.
Plans for 2011-12 have not yet been formulated, pending the outcome of the next spending review.