7. The Executive has identified projects which were expected to achieve recurring efficiency gains of £475 million in 2005/06, and a further £853 million in 2006/07 and £1,271 million in 2007/08. A further £229 million of efficiency gains still need to be identified if its aspirations of £1,500 million recurring savings are to be achieved by 2007/08. The Executive is working with all parts of the public sector to identify further projects and expects to publish a further set of ETNs before the end of 2006.
8. Of the 71 efficiency projects identified by March 2006, 44 are each expected to generate savings of £5 million or less in 2007/08. The top seven projects, each of which is expected to generate savings of more than £50 million, are expected to deliver 64 per cent of the programme. Around 85 per cent (by value) of the current projects rely on delivery by local bodies, such as local authorities, NHS boards and other public bodies.