Skip to main content

Departmental Assets

Volume 468: debated on Thursday 6 December 2007

To ask the Secretary of State for Innovation, Universities and Skills what departmental assets are planned to be sold in each financial year from 2007-08 to 2010-11; what the (a) description and (b) book value is of each such asset; and what the expected revenue is from each such sale. (164519)

The following departmental assets are planned to be sold.

Subject to parliamentary approval of the Sale of Student Loans Bill, a programme of sale of income-contingent student loans will start in 2008-09. The pre-Budget report, published on 9 October 2007, set out anticipated proceeds from the sales as follows:

Anticipated proceeds (£ billion)

2008-09

3.4

2009-10

1.3

2010-11

1.6

The profile of actual sale proceeds will be dependent on market conditions.