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Departmental Public Expenditure

Volume 491: debated on Wednesday 22 April 2009

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what his latest estimate is of his Department’s capital expenditure in (a) 2008-09, (b) 2009-10, (c) 2010-11 and (d) 2011-12; and if he will make a statement. (268112)

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.