HL Deb 14 June 1995 vol 564 c116WA
Lord Brougham and Vaux

asked Her Majesty's Government:

What performance targets the Secretary of State for the Environment has set the Queen Elizabeth II Conference Centre Executive Agency for 1995/96.

Viscount Ullswater

The agency's principal target for 1995/96 is to achieve a net surplus of £3,000. Following several years of progressive reduction in the centre's operating deficit, it is possible this year for the first time to target a surplus. This is exclusive of rent of £6.4 million.

The agency's other key targets are:

  1. (a) to increase total revenue from £5.5 million to £5.8 million;
  2. (b) to reduce debt outstanding from clients for over 60 days to no more than £154,000.

A market test is currently in progress to determine whether there is any advantage to be obtained in contracting out the managing of the centre to a private sector company.