Written question asked by Lord Barker of Battle (Conservative) on Wednesday, 25 February 2004, in the House of Commons. It was due for an answer on Wednesday, 3 March 2004. It was answered by Hilary Benn (Labour) on Wednesday, 3 March 2004 on behalf of the Department for International Development.

Dept for International Development

Question: To ask the Secretary of State for International Development, what estimate he has made of the total cost of the re-organisation of CDC and Actis. - Inc table.

Answer: Gregory Barker: To ask the Secretary of State for International Development what estimate he has made of the total cost of the re-organisation of CDC and Actis. [157828] Hilary Benn: Our estimate of the total costs of the reorganisation of CDC is £11.5 million. This is made up as follows: _________________________________________________________________________________________________. £ million DFID Advisory costs 3.5 CDC Advisory and staff costs 5.6 CDC Implementation costs 2.4 _________________________________________________________________________________________________. Both CDC and DFID have statutory duties and duties of due diligence to discharge. These have to be carried out fully and thoroughly and need properly qualified professional expertise. It was also important to find the right corporate model and to achieve the best value for money. The costs are commensurate with the degree of care and attention needed in the restructuring of a £1.1 billion enterprise.

Secondary information