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Regional Development Agencies: Pay

Volume 497: debated on Wednesday 14 October 2009

To ask the Minister of State, Department for Business, Innovation and Skills how much was paid in remuneration to (a) the Chief Executive and (b) each board member of each regional development agency, including benefits in kind in each of the last three years. (277994)

[holding answer 4 June 2009]: The break down of the total financial value of the remuneration made to (a) RDA chief executives; and (b) the board members of each RDA, including benefits in kind, in each of the last three years is detailed by RDA in the tables (the information excludes London, which is the responsibility of the Mayor). The RDA chairs details are identified separately to the other board members as their remuneration entitlements are different.

The figures have been collected by each RDA and show:

For the chief executive and RDA chairs:

the total cash remuneration = basic salary (before tax) + performance related bonus (bonuses are awarded based on performance against objectives delivered in the previous year); and

total remuneration package = total cash remuneration + pension + benefits in kind (where the RDA has benefits in kind in place).

For the board members:

the total remuneration = basic remuneration paid. Board members are only paid a remuneration figure agreed by the SoS in accordance with the RDA Act 1998. These posts do not attract bonuses, pensions or benefits in kind.

Copies of the tables will be placed in the Libraries of the House.