FCO Services Debate
Full Debate: Read Full DebateDepartment: Foreign, Commonwealth & Development Office
Mark Simmonds
Main Page: Mark Simmonds (Conservative - Boston and Skegness)Department Debates - View all Mark Simmonds's debates with the Foreign, Commonwealth & Development Office
(11 years, 8 months ago)
Written StatementsRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Parliamentary Under-Secretary of State for Foreign and Commonwealth Affairs (Mark Simmonds)
FCO Services operates as a trading fund of the FCO. I have set the following performance targets for 2013-14:
An in-year surplus before interest and tax producing a net margin of between 1 and 5%.
A return on capital employed of at least 3.5% (weighted average).
Cost of corporate functions as a % of revenue of no more than 10%.
A utilisation rate for revenue earning staff of between 75 and 80%.
Customer satisfaction rating to be within or above the 2nd quartile in the UK Customer Satisfaction Index, as produced by the Institute of Customer Service.
Employee engagement in FCO Services using civil service survey of at least 60%.
FCO Services will report to Parliament on its success against these targets through its annual report for 2013-14.