Richard Burden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by Richard Burden on 2016-02-03.
To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 3 February 2016 to Question 24171, what funding the Illegal Money Lending Team received in each of the last five years; and how much it will receive in each year until it becomes funded through a levy.
Nick Boles
Annual funding for the Illegal Money Lending Teams as reported to the Department by National Trading Standards was:
|
Year |
England |
Wales |
|
2015/16 * |
£3,097,822 |
£546,674 |
|
2014/15 |
£3,605,286 |
£634,016 |
|
2013/14 |
£3,716,789 |
£673,625 |
|
2012/13 |
£3,716,789 |
£595,670 |
|
2011/12** |
£3,716,789 |
£653,625 |
* * Additionally, for 2015/16 the FCA agreed to outsource work to a maximum of £880,000, split £748,000 to the England Team and £132,000 to the Wales Team. The FCA will outsource work to a maximum of £500,000 for 2016/17.
** Until the creation of NTS in April 2012, the teams were funded directly by BIS.
BIS has committed to maintaining its funding of the teams at 2015/16 year levels for 2016/17. It is anticipated that levy funding will be in place from 2017/18.
