- 2 -
DRAFT ESTIMATES FOR 1993/94
Assumptions
Estimated number of arrivals:
75
Average duration of scholarships:
9 months
Inflation: 3.6%
Maintenance allowances:
(a) 1st 5 months (April-August) at the current rate of £6720 per annum: £560 per month and £18.40 per day
(b) 2nd 7 months (September-March) assuming 3.6% increase,
at the rates of:
£6960 per year: £580 per month and £19.06 per day
Expenditure
Maintenance allowances while with firms
£
396,000
Expenditure not contributed to by firms:
a) Maintenance before and after attachment/travel expenses b) Maintenance and travel costs for transfers between firms c) Air fares
30,000
2,000
30,000
d) Staff Salaries
69,000
e) Miscellaneous (see page 3)
41,500
Total expenditure
568,500
Income
Firms' contributions @ 80% of £396,000 Business account interest, say
316,800 3,500
Total income
320,300
Summary
Expenditure
Income
DTI contribution
£
568,500
320,300
248,200 ( approx 43.7% of total expenditure )