Select Committee on Foreign Affairs Written Evidence


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 2005-062006-07 2007-08
Resource DEL100.095.3 89.3
Capital DEL0.20.2 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





 
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