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Millennium Dome

Volume 458: debated on Tuesday 13 March 2007

To ask the Secretary of State for Culture, Media and Sport, pursuant to the answer to the hon. Member for Birmingham, Yardley (John Hemming) of 24 April 2006, Official Report, column 898W, on the Millennium Dome, what the cost was of the Millennium Dome to public funds in each year since its inception. (126493)

Information on the grants from national lottery funds which were made by the Millennium Commission to the New Millennium Experience Co. (NMEC), are set out in the following table.

National lottery grant

£ million

1997-98

499

1998-99

0

1999-2000

60

2000-01

119

2001-02

0

2002-03

0

2003-04

0

2004-05

10

2005-06

20

2006-07

30

1 £24 million—unrequired funds decommitted from NMEC by the Millennium Commission for use on other projects.

2 £1 million—unrequired funds decommitted from NMEC by the Millennium Commission for use on other projects.

3 £3 million—unrequired funds decommitted from NMEC by the Millennium Commission for use on other projects.

In addition, English Partnerships has been meeting management, maintenance, security and other costs at the site from 1 July 2001, and will continue to do so until the redevelopment of the arena by the Anschutz Entertainment Group is completed, expected in summer 2007, at which time Anschutz takes on full responsibility for the dome structure and its immediate surroundings.

All of English Partnerships’ costs (gross total of around £32 million to date) from July 2001 to the completion of the arena’s construction, and including the costs of the entire sale process, are expected to be recovered from sale proceeds, forecast at £550 million over the period of the deal, which lasts for around another 19 years.

The year-by-year English Partnerships maintenance and other costs to date have been as follows:

English Partnerships maintenance and other costs

£ million

2001-02

2.299

2002-03

2.952

2003-04

2.586

2004-05

1.726

2005-06

0.364

2006-07

10.294

Total

10.238

1 Figures to December 2006.

In addition, English Partnerships spent £6.7 million on decommissioning some of the dome’s contents, £0.558 million on a one-off payment for insurance and £14.5 million on the sale process between March 1999 and June 2004.