To ask the Secretary of State for Environment, Food and Rural Affairs with reference to page 119 of the Pre Budget Report Cm 7684, what form will be taken by the review to assess how best public value might be delivered from assets in the medium term in respect of British Waterways; and if he will make a statement. (240392)

The Treasury Operational Efficiency Programme Review will consider the scope for improved asset management across Government. The project will include a review of the British Waterways non-operational property portfolio, and business model, to consider how its assets might best deliver public value. The review will consider carefully any implications of options considered for the long-term funding of British Waterways’ statutory responsibilities. Formal Terms of Reference for the review will shortly be finalised.