My Lords, I very much hope so. I thank my noble friend Lady McIntosh and the noble Baroness, Lady Jones of Whitchurch, for tabling Amendments 92 and 93. I agree, of course, that it is important for the OEP to have certainty regarding its level of funding on a multi-annual basis That is why the Government have committed to providing a multi-annual indicative budget for the OEP, ring-fenced within each spending review period. For transparency, the OEP’s budget will also be given a separate line in Defra’s supply estimate, which will be laid before Parliament to allow for parliamentary scrutiny. This is, nevertheless, an administrative matter, so it is not appropriate to put it on the face of the Bill.
There is also a need to retain flexibility, both initially in light of delays to the Bill due to the Covid-19 pandemic, and should the process for allocating public body budgets ever be reformed at a future date. It is worth pointing out that other bodies with multi-annual funding commitments—the Office for Budget Responsibility, for example—do not have this set out in legislation. The Bill does provide several safeguards
on OEP funding. These include a duty on the Secretary of State to fund the OEP sufficiently; in conjunction, the OEP will provide an annual assessment to Parliament of whether it has received sufficient funding. In answer to the noble Baroness, Lady Parminter, the OEP has been given £8 million for its interim stage for this business year.
I hope that this reassures noble Lords and ask them to withdraw the amendment.