No discussions took place between DFID and CDC in 2005 regarding the possibility of extracting resources from CDC.
During 2007 DFID had preliminary discussions with both CDC and the Treasury regarding the possibility of extracting resources from CDC in the shape of a dividend. These discussions took place within the context of the wider discussion around CDC's strategic direction. This contributed to the development of CDC's new investment policy, about which I made a written ministerial statement on 3 November 2008, Official Report, column 5WS.