Letter to the Clerk of the Committee from
the Chief Executive of UK Trade and Investment,
dated 20 April 2006
UKTI ESTIMATE MEMORANDUM
Dear Mr Priestley,
HM Treasury guidance in PES(2004)14 specified
that departments are required to provide an "Estimates Memorandum"
to their Select Committee explaining the allocation sought in
the Main Estimates and how they link to the department's published
targets.
I enclose UK Trade & Investment's Estimate
Memorandum for the forthcoming Main Supply Estimates. Should the
Committee require any additional information, we will be happy
to expand the Memorandum appropriately.
Main Estimates are presented and published approximately
three weeks after the Budget (see Government Accounting, chapter
11). However, we await formal notification of the likely publication
date.
I am also sending a copy of this letter and
enclosure to the Clerk of the Trade and Industry Committee.
Yours sincerely,
Andrew Cahn
Chief Executive/Accounting Officer
UK Trade & Investment
UK Trade & Investment
MAIN SUPPLY 2006-07—ESTIMATES MEMORANDUM
1. SUMMARY OF
THE 2006-07 MAIN
SUPPLY ESTIMATE
This Memorandum covers the Main Supply Estimate
for UK Trade & Investment, which is a joint operation of the
Foreign and Commonwealth Office and the Department of Trade and
Industry.
Expenditure under this Estimate covers programme
expenditure for trade development and inward investment, including
grants to the Regional Development Agencies (RDAs).
The administration costs relating to this programme
expenditure are reflected in the Main Estimates of UK Trade &
Investment's parent departments, the Foreign and Commonwealth
Office and the Department of Trade and Industry.
The programme expenditure is in line with the
2004 Spending Review settlement for 2006-07 and supports our Public
Service Agreement (PSA) target of:
By 2008, deliver a measurable improvement
in the business performance of UK Trade & Investment's international
trade customers; with an emphasis on new to export firms; and
maintain the UK as the prime location in the EU for foreign direct
investments.
Resource and Capital DEL: £ million
Resource DEL 95.328
Capital DEL 0.248
2. END YEAR
FLEXIBILITY (EYF) ENTITLEMENT
The department maintains a plan of proposed
utilisation of EYF over the Spending Review period. At the start
of 2006-07, UK Trade & Investment will have an accumulated
End Year Flexibility (EYF) entitlement of £8.490 million
resources and £1.291 million capital, subject to any further
underspends emerging during 2005-06.
3. SPENDING REVIEW
The 2004 Spending Review settlement announced
figures 2005-06 to 2007-08. The figures shown below take account
of the transfer of £0.281 million to the Foreign and Commonwealth
Office in 2005-06 in respect of the World Expo in Aichi, Japan;
and a baseline transfer of £0.2 million to the Department
of Transport for the travel costs of the Duke of York, the UK
Special Representative for International Trade and Investment.
| £ million |
2005-06 | 2006-07
| 2007-08 |
| Resource DEL | 100.0 | 95.3
| 89.3 |
| Capital DEL | 0.2 | 0.2
| 0.2 |
| | |
|
There are no new services in this Estimate compared with
last year.
UK Trade & Investment
Central Finance Team
Strategy & Corporate Group
April 2006
| 
