§ Mr. Fatchett
To ask the President of the Board of Trade what was his Department's innovation budget for each of the last three financial years, and for 1993–94.
§ Mr. McLoughlin
Expenditure under the innovation budget of the Department of Trade and Industry for the last three financial years, and forecast expenditure for 1993–94, are as follows:
£ million Outturn Forecast (gross) 1990–91 1991–92 1992–93 1993–94 82.3 102.7 137.4 124.7