Work and Pensions written question – answered on 7 June 2011.
To ask the Secretary of State for Work and Pensions what funding his Department provided to social fund (a) budgeting loans, (b) crisis loans and (c) community grants in each of the last five years.
HM Treasury allocates funding for the Social Fund. Over the past five years the discretionary fund (which comprises budgeting loans, community care grants and crisis loans) has been allocated new annually managed expenditure funding as follows:
HM Treasury allocated money | |||
£ million | |||
Annually managed expenditure | Additional annual managed expenditure for loans | Total annual managed expenditure for loans | |
2010-11 | 178.2 | 141.5 | 319.70 |
2009-10 | 178.2 | 121.9 | 300.10 |
2008-09 | 178.2 | 40 | 218.20 |
2007-08 | 178.2 | 50 | 228.20 |
2006-07 | 178.2 | 120 | 298.20 |
Allocation between elements of the discretionary social fund | |||
£ million | |||
Amount allocated to CCGs | Amount allocated to Contingency reserve | Amount allocated to loans | |
2010-11 | 141 | 1 | 177.7 |
2009-10 | 141 | 1 | 158.1 |
2008-09 | 141 | 1 | 76.2 |
2007-08 | 141 | 1 | 86.2 |
2006-07 | 141 | 1 | 156.2 |
Note: Additional money was given in 2010-11 and 2009-10 to accommodate increased applications during the recession. Additional money was given in 2008-09, 2007-08 and 2006-07 to accommodate changes to the scheme in 2006-07. This information is taken from previous Social Fund annual reports. Remaining loans are funded through recoveries of existing loans within each year. |
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