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Written question asked by Charles Hendry (Conservative) on Monday, 20 July 2009, in the House of Commons. It was due for an answer on Monday, 12 October 2009. It was answered by Joan Ruddock (Labour) on Monday, 12 October 2009 on behalf of the Department of Energy and Climate Change.

Carbon Trust

Question
To ask the Secretary of State for Energy and Climate Change what the budget of the Carbon Trust was in (a) 2007-08, (b) 2008-09 and (c) 2009-10; what it is planned to be in 2010-11; and how much of that funding was from his Department in each year.
Answer

The Carbon Trust is a private company and receives income from a number of sources.The amounts grant funded by DECC (and previously by DEFRA and by DTI/BERR) to the Carbon Trust in 2007-08 and 2008-09 are as follows:

£ million
DEFRA/DECC DTI/BERR
2007-08 90.7 0.73
2008-09 89.063 0.97

In 2009-10, the Carbon Trust will receive up to £84.53 million in core grant funding from DECC. The trust will also receive up to £121.6 million of additional funding in 2009-10 specifically to deliver low interest loans to small and medium enterprises and public sector bodies (through Salix Finance), as announced in Budget 2009. The trust may also receive further funding for specific activities from the low carbon investment funding announced in Budget 2009.The trust's budget for 2010-11 has not been finalised as this forms part of DECC's wider decisions on funding allocations.

Secondary information

Type
Written question
Reference
497 c441W; 289722
Session
2008-09
Subjects
Finance Carbon Trust
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk