Ordnance Survey (Performance Targets)

Norman Lamb Excerpts

Friday 13th July 2012 Written Statements

[The Parliamentary Under-Secretary of State for Business, Innovation and Skills (Norman Lamb)]

I am today announcing that performance targets have been agreed for Ordnance Survey for the period 2012-13. Ordnance Survey will report externally against these targets as is required of all Executive agencies in Government. The targets are:

To achieve an operating profit before exceptional items, interest and dividends of £30.4 million for the financial year 1 April 2012 to 31 March 2013.

To achieve a free cash flow before exceptional items of £22.4 million for the financial year 1 April 2012 to 31 March 2013.

Some 99.6% of significant real-world features greater than six months old are represented in the database.

To continue to reduce the underlying cost base of the core business by 5% per annum measured against a baseline of 2008-09 adjusted running costs.

To achieve a customer index score of at least 80%.

These targets reflect Ordnance Survey’s continuing commitment to customers, to continuing sustained achievement against the business strategy announced in April 2009 and developed in April 2010, to maintaining and delivering intelligent geographic information to all users, and to offering improved value for money for all, as well as a commitment to Government policies.