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Skills Funding Agency

Business, Innovation and Skills written question – answered on 20th July 2011.

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Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

To ask the Secretary of State for Business, Innovation and Skills what savings he expects to achieve from the planned reduction in the Skills Funding Agency's budget.

Photo of John Hayes John Hayes The Minister for Universities and Science, The Minister of State, Department for Business, Innovation and Skills

holding answer 19 July 2011

The information is as follows.

Programme budget

The Skills Funding Agency's programme budget is planned to reduce from £3,894 million in 2010-11 to £3,026 million by the end of the spending review period (2014-15) resulting in an expected annual saving by the end of the spending review period of £868 million (22.3% of baseline budget), and total planned programme savings over the four-year spending review period of £1,860 million.

Administration budget

The Skills Funding Agency's administration budget is planned to reduce from £126 million in 2010-11 to £85 million by the end of the spending review period (2014-15) resulting in an expected annual saving by the end of the spending review period of £41 million (33% of baseline budget), and total planned administration budget saving over the four-year spending review period is £120 million.

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