Enterprise UK: Finance

Business, Innovation and Skills written question – answered on 10th February 2010.

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Photo of Mark Prisk Mark Prisk Shadow Minister (Business, Innovation and Skills)

To ask the Minister of State, Department for Business, Innovation and Skills what Enterprise UK's (a) total budget and (b) staffing cost was in financial years (i) 2004-05, (ii) 2005-06, (iii) 2006-07, (iv) 2007-08 and (v) 2008-09; what it has been in each such case in financial year 2009-10 to date; and if he will make a statement.

Photo of Rosie Winterton Rosie Winterton Minister of State (Regional Affairs) (Yorkshire and the Humber), Minister of State (Department for Communities and Local Government) (Local Government) (also in the Department for Business, Innovation and Skills), Minister of State (Department for Business, Innovation and Skills) (Regional Economic Development and Co-ordination); (also in the Department for Communities and Local Government)

holding answer 8 February 2010

The information is as follows:

Financial year Total budget (£) Staff cost (£)
2004-05 763,000 586,261
2005-06 2,000,000 570,916
2006-07 5,000,000 1,741,552
2007-08 6,000,000 2,498,013
2008-09 5,000,000 2,459,037
2009-10(1) 3,650,000 1,810,410
(1 )Figures from April to December 2009.

Enterprise UK was set up as a campaigning organisation in 2004 by the Confederation of British Industry, the Federation of Small Businesses, the Institute of Directors and the British Chambers of Commerce, and continues to be led by their Directors General. Enterprise UK is funded by BIS to promote entrepreneurship in the UK, particularly amongst audiences that have characteristically strong attitudes towards starting businesses but have a below average proportion who actually do, such as young people, women and particular black and minority ethnic groups.

Programmes funded by BIS and led by Enterprise UK include Global Entrepreneurship Week, the Make Your Mark campaign and the Enterprising Young Brits and Enterprising Britain competitions. The organisation is able to leverage substantial in kind support to supplement its funding; for example in 2008-09 this included £2.3 million worth of time spent by leading UK entrepreneurs who act as ambassadors and mentors and £7.25 million media coverage. Funding for Enterprise UK from BIS has been reduced over the past two years, as the organisation has sought other funding streams and increased private sector collaboration for delivery of its projects.

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