The current estimate of relocation costs is £48 million. An additional, £16 million provision is shown in the 2007-08 Annual Accounts relating to unoccupied lease obligations for current London offices.
Given particularly that accommodation costs in the West Midlands are lower than those in central London, the relocation of QCA is expected to deliver cost savings in the long term.
The 2004 Lyons review recommended that Government make the significant investment required to relocate organisations out of London and the South East, and concluded that there would be positive economic benefits to areas into which organisations were relocated.