The work of the UK research councils - Science and Technology Committee Contents


Supplementary memorandum submitted by the Science and Technology Facilities Council (RCUK 06a)

LETTER FROM PROFESSOR MASON, CHIEF EXECUTIVE, STFC, TO THE CHAIRMAN OF THE COMMITTEE, 19 NOVEMBER 2009

Science and Technology Facilities Council: Additional Resources

  Thank you for your letter of 27 October about the question of STFC resources that was raised at the Committee's evidence session on 14 October and Lord Drayson's further comments on this in his letter of 16 October.[1]

  We can confirm that following the CSR07 settlement STFC borrowed £40 million, comprising £20 million of near cash in 2009-10 (out of £26 million offered by BIS) and £20 million capital in 2008-09. As you are aware, STFC's budget is dominated by international subscriptions and facility operations; these are largely fixed costs and therefore it is difficult to make substantial changes in the short-term, particularly in a period when programme restructuring is required. Following discussions with DIUS we secured the loans to help towards optimising the restructuring of our programme across the CSR period. STFC will repay the "loans" in 2010-11 and these commitments will be included in the development of our budget for the next financial year.

  I trust that this clarifies the position.

Professor Keith Mason

Science and Technology Facilities Council

November 2009







1   Science and Technology Committee, Setting the scene on science, engineering and technology issues across government, HC (2008-09) 1001-i, Ev 13. Back


 
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