HC Deb 13 May 2004 vol 421 c505W
Mr. Stephen O'Brien

To ask the Secretary of State for Trade and Industry what the resource budget of Invest-UK was in each year between 1999 and 2002. [171593]

Mr. Mike O'Brien

The resource budgets of Invest UK (and its forerunner the Invest In Britain Bureau) for financial years 1999–2000 to 2001–02 were as follows:

1999–2000 £17.8 million, of which £11.1 million was allocated to grant in aid for Regional Development Agencies; £4.1million to Invest UK promotional expenditure, and £2.6 million to local running costs.

2000–01 £20.9 million, of which £12.2 million was allocated to grant in aid for Regional Development Agencies; £6.1 million to Invest UK promotional expenditure, and £2.6 million to local running costs.

20011–02 £21.0 million, of which £12.4 million was allocated to grant in aid for Regional Development Agencies; £5.7 million to Invest UK promotional expenditure, and £2.9 million to local running costs. 12001–02 was the first year that departmental Resource Accounts were prepared on an accruals basis.