Commonwealth Development Corporation Bill

Explanatory Notes

Financial implications of the Bill

10 Increasing the limit on government assistance to £6,000 million will enable the Secretary of State to accelerate CDC’s growth over the current Spending Round in response to forecast market demand over CDC’s next strategy cycle and in order for CDC to play a fuller role in the delivery of the UK’s international development objectives. The provision of further government financial assistance to CDC beyond the current Spending Round may require a future increase, by statutory instrument, of the proposed £6,000 million.


Prepared 15th November 2016