Written statement: FCDO Services Ministerial Targets 2026-27 - July 9

Thursday, 9 July 2026 10:53

Minister for Indo-Pacific (Seema Malhotra): FCDO Services operates as a trading fund of the Foreign, Commonwealth and Development Office (FCDO). In line with normal practice, I have set the following performance targets for 2026-2027: An in-year surplus before interest, tax and dividend; Achievement of the return on capital employed (ROCE) of at least 6.5% (weighted average); A productivity ratio of at least 82%, measuring actual billable hours versus available...Request free trial