The OEP review process is conducted through extensive consultations and dialogue between the Met Office, Ministry of Defence and the Shareholder Executive on all issues connected with the review, including the potential introduction of private capital. The introduction of private capital was identified as only one of the available options which could help enhance the commercial opportunities available to the Met Office. Ministers are kept informed on the progress on all options.
There will be a general update around PBR on the progress of the OEP and its individual assets, including the Met Office.