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Departmental Land

Volume 480: debated on Thursday 16 October 2008

To ask the Secretary of State for Culture, Media and Sport what use has been made of the income relating to the sale by his Department of the land to the north of the British Library. (224766)

The Department is retaining £39.8 million from the sale of this asset. £30 million of this will be used to meet the CSR asset disposal target and has been allocated accordingly. The balance was used to part fund the purchase of the D'Offay art collection by the Tate Galleries.