David Lammy – 2016 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by David Lammy on 2016-05-18.
To ask the Secretary of State for Business, Innovation and Skills, what the British Business Bank’s (a) total operating budget, (b) budget for communications and (c) expenditure on third party communications consultancy and public relations agencies was in (i) 2014, (ii) 2015 and (iii) 2016.
Anna Soubry
The British Business Bank is a government-owned economic development bank that makes finance markets for smaller businesses work more effectively. It works with the market to increase awareness amongst smaller businesses about the available finance options.
British Business Bank became fully operational on 1 November 2014. Therefore we are able to provide the information requested for the 5 month period ended 31 March 2015 and the 12 month period ended 31 March 2016. This is shown in the table below.
|
Total Operating Budget in £000(a) |
Budget for Communications in £000 (b) |
Expenditure on 3rd Party Communications, Consultancy & PR agencies in £000 (c) |
|
|
5 months ended 31 March 2015 |
9,606 |
280 |
280 |
|
12 months ended 31 March 2016 |
23,207 |
895 |
466 |
*Please note that the Budget for Communications (b) includes salary related costs and Expenditure on 3rd Party Communications Consultancy and PR Agencies (c) does not.
