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Departmental Finance

Volume 497: debated on Tuesday 13 October 2009

To ask the Secretary of State for Energy and Climate Change what the level of underspend in his Department for each of its budget headings is in 2009-10. (289753)

At this early stage in the financial year expenditure has been broadly in line with budgets for the first three months. We are keeping expenditure closely under review and are concerned to avoid both underspends and overspends as far as is possible. We will continue to monitor closely and are currently forecasting to remain within budget for the year 2009-10.

To ask the Secretary of State for Energy and Climate Change when he expects the budget for (a) the Carbon Trust and (b) the Energy Saving Trust for 2009-10 to be finalised. (289891)

The Carbon Trust’s and Energy Saving Trust’s budgets for 2009-10 have been finalised and agreed.

The Energy Saving Trust will receive £38.5 million in grant funding from DECC to deliver its objective to encourage and promote the sustainable and efficient use of energy in households and £1 million capital funding for technological field trials.

In 2009-10, the Carbon Trust's funding from DECC will be up to £84.53 million. In addition, the Carbon Trust will receive funding in 2009-10 specifically to deliver low interest loans to SMEs, and to public sector bodies through Salix Finance, as announced in Budget 2009. Total funding for these schemes in 2009-10 is up to £121.6 million. The Carbon Trust may also receive further funding for specific activities from the low carbon investment funding announced in Budget 2009.