Student Loans Company

House of Lords written question – answered at on 3 October 2011.

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Photo of Lord Empey Lord Empey UUP

To ask Her Majesty's Government what financial contributions were made to the Student Loans Company by the Scottish Government, the Welsh Assembly Government and the Northern Ireland Executive in the last three financial years.

Photo of Baroness Garden of Frognal Baroness Garden of Frognal Lords Spokesperson (Department for Culture, Media and Sport), Baroness in Waiting (HM Household) (Whip)

Each of the devolved Administrations is separately responsible for agreeing a budget with the Student Loans Company (SLC) in light of their department's overall public expenditure priorities and policies.

The following table confirms the financial contributions made to the Student Loans Company (SLC) by the Scottish Government, the Welsh Assembly Government and the Northern Ireland Executive in the past three financial years:

Financial Year Government Body Funding Contribution provided to SLC*
2008-09 Scottish Government £4,575k
Welsh Assembly Government £5,536k
Northern Ireland Executive £3,535k
2009-10 Scottish Government £4,119k
Welsh Assembly Government £5,957k
Northern Ireland Executive £3,868k
2010-11 Scottish Government £3,600k
Welsh Assembly Government £6,158k
Northern Ireland Executive £3,254k

*Source: Grant in aid funding for financial years 2008-09 and 2009-10 paid from the devolved Administrations directly to SLC (SLC annual reports and accounts 2008 09 and 2009-10). For 2010-11, BIS funded SLC directly as lead sponsor department in order to comply with Treasury Consolidated Budgeting Guidance, and the figures in the table above represent funding from the devolved Administrations to reimburse BIS for SLC expenditure incurred on their behalf.

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