Home Department written question – answered at on 22 May 2006.
To ask the Secretary of State for the Home Department what estimate he has made of the cost of the Security Industry Authority to date.
The Security Industry Authority (SIA) is required to be self-financing from the licence fee income but it was always anticipated that the SIA would not break even in its first couple of years, because of the gradual introduction of licensing which will eventually meet all the SIA's running costs. The deficit in the first year, 2003-04, was £7.1 million as the SIA had no licence income. In 2004-05, the deficit was £13 million, and the estimated deficit for 2005-06 is about £3.5 million.
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