DEFRA 2008/09 Budget Announced
The 2008/09 Defra budget was yesterday made public, with a modest increase in funds (1.4%, or almost £4 billion over three years) on 2007/08 levels. Significant new investment was announced in the following areas:
- Low Carbon Technology: The domestic Environmental Transformation Fund (ETF) has been increased to £400 million over the next three years. As part of this, the Carbon Trust will receive £47.5 million to bring forward the development of clean energy technologies such as offshore wind, marine energy and biomass heating. In addition, £800 million will be available over three years to tackle environmental challenges in the developing world.
- Sustainable Waste Infrastructure: £2 billion for Private Finance Initiatives (PFI) over three years.
- Flood Protection: £2.15 billion over three years
- Rural Development Programme for England: Resources doubled to £3.9 billion available to 2013.
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