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South East England Development Agency: Property

Volume 473: debated on Monday 17 March 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform pursuant to the answer of 18 February 2008, Official Report, column 402W, on the South East England Development Agency (SEEDA): property, what the current ownership status is of the Ropetackle site in Shoreham-by-Sea; and how much revenue SEEDA received from the Enterprise Gateway Project at Ropetackle in Shoreham-by-Sea (a) directly and (b) through its agents in each of the last two years. (194162)

[holding answer 14 March 2008]: SEEDA currently owns the freehold of the Ropetackle site in Shoreham-by-Sea.

Enterprise Gateways are not generating a revenue income as they are a business service provided free of charge. We interpret the question therefore as relating to the Adur Business Centre which is located on this site.

(a) No revenue was received by SEEDA direct, as this is handled by SEEDA's managing agents.

(b) No net income has been received by SEEDA from the managing agents as running costs for the business centre to date have exceed net income. The centre has generated gross revenue of £102,685 in 2006-07 and £208,140 in 2007/-08, and is expected to yield net income from 2008-09 onwards.