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Research Councils: Finance

Volume 494: debated on Monday 22 June 2009

To ask the Minister of State, Department for Business, Innovation and Skills how much in (a) compensation for foreign exchange exposure, (b) loans and (c) other funding his Department has provided for the research councils in addition to the allocations in the 2007 science budget. (278469)

[holding answer 12 June 2009]: The CSR 2007 allocations to the Research Councils’ out of the science and research budget were published in December 2007. Since then there have been additions to the Research Councils’ allocations as set out as follows.

(a) Table 1: Additional funding to Research Councils in respect of the extra costs of international subscriptions arising from exchange rate changes

Total (£000)

2008-09

21,061

2009-10

50,800

(b) Table 2: Temporary loans to Research Councils

Total (£000)

2008-09

26,200

2009-10

19,900

Note:

The loans were made on the condition that they are repaid by the end of CSR 2007.

(c) Table 3: Other fundingadditional capital allocations to Research Councils inrespect of approved new large facilities projects

Total (£000)

2008-09

52,555

2009-10

89,360