Equipment Budget: £300?

So, can I really buy the essentials needed to travel to Yorkshire this summer on £300. Let’s have a go. I need to think about three things: the bike, myself & camping. All prices rough estimatesfollowing today’s foray into the outdoor adventure shops of Reading.
Panniers £70
Handlebar bag £40
Cycling shorts (Bike Gear) £65
Weatherproof jacket £70
Tent (lightweight, Jack Wolfskin?) £100
Sleeping mat £20
Sleeping bag £50
Camping stove + bits £30
That makes…. £445. Perhaps my budget needs to be around £400.

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What do you think?