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Written question asked by David Lammy (Labour) on Monday, 16 May 2011, in the House of Commons. It was due for an answer on Wednesday, 18 May 2011. It was answered by Lord Willetts (Conservative) on Wednesday, 8 June 2011 on behalf of the Department for Business, Innovation and Skills.


Students: Finance

Question
To ask the Secretary of State for Business, Innovation and Skills pursuant to the answer of 3 May 2011, Official Report, column 717W, on students: finance, how much his Department spent on communicating student finance arrangements to prospective students, adjusted for inflation, in each year from 1999-2000 to 2010-11.
Answer

In the 2010/11 financial year £37,936 (£29,219 in 2000/01 prices) was spent on preparatory research for our current higher education student finance campaign. Thus far in 2011/12 £1.475 million has been allocated to this campaign which includes the £150,000 previously cited for the costs of employing an advertising agency.For the 2010/11 financial year the Student Loan Company spent £1,650,243 (£1,271,040 in 2000/01 prices) communicating student finance arrangements to prospective students.The following tables provide the figures adjusted for inflation in real terms at 2000/01 prices, the year from which the first figures are quoted.

Original Table
Financial year Department for Business, Innovation and Skills student finance publicity budget Student Loans Company communications budget
1999-2000
2000-01 90,000
2001-02 1,660,000
2002-03 2,025,000
2003-04 4,000,000
2004-05 2,000,000 280,598
2005-06 4,500,000 1,483,900
2006-07 4,100,000 1,097,092
2007-08 4,500,000 3,288,351
2008-09 4,000,000 2,851,560
2009-10 60,000 5,263,030
Expenditure adjusted for inflation in real terms at 2000-01 prices
Financial year Department for Business. Innovation and Skills student finance publicity budget Student Loans Company communications budget
1999-2000
2000-01 90,000
2001-02 1,623,677
2002-03 1,918,881
2003-04 3,686,365
2004-05 1,793,323 251,601
2005-06 3,963,102 1,306,855
2006-07 3,493,549 934,816
2007-08 3,727,581 2,723,910
2008-09 3,224,205 2,298,504
2009-10 47,553 4,171,214

The inflationary figures have been obtained using the 'gross domestic product time series' tool available on the HM Treasury website, which enables figures to be adjusted year on year for inflation, via this URL:"http://www.hm-treasury.gov.uk/data_gdp_fig.htm"


Secondary information

Type
Written question
Reference
56290; 529 c400W
Session
2010-12
Related items
Students: Finance
Tuesday, 3 May 2011
Written questions
House of Commons
Subjects
Finance Students
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk