We expect set-up costs to be incurred over the period 2026-27 to 2028-29, when the agency is expected to be operational, and estimate these costs to be around £2 million, although this will depend on the scope of its design and operating model.The projected annual budget, the proportion representing new rather than reallocated funding, and the agency’s ongoing administrative costs are still to be determined as part of this ongoing design process. S6W...