In 2007/08 year the Chevening Scholarships cost the British Foreign and Commonwealth Office approximately £22 million.[4] In the same year the Chevening Fellowships scheme cost approximately £4 million.[citation needed] In July 2010 the British Foreign Minister announced a cut of £10 million from the scholarships budget, in the context of wider budget cuts. This resulted in a number of scholarships being cancelled for 2010–11. After a review period, the 2011–12 scholarship round opened for applications in February 2011.