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Public Bodies: Assets

Volume 487: debated on Tuesday 3 February 2009

To ask the Secretary of State for Culture, Media and Sport what (a) buildings and (b) land is owned by (i) Arts Council England, (ii) the Big Lottery Fund, (iii) the Heritage Lottery Fund, (iv) UK Sport and (v) the Museums, Libraries and Archives Council; and what recent estimate has been made of the value of those assets. (249813)

The information as follows has been provided by the bodies in question.

Arts Council England

Buildings owned:

21 Bond Street, Dewsbury

Land owned:

Arts Council England own the freehold on a section of land in the London South Bank area covering the area of the South Bank Centre and British Film Institute, and an area covering the Royal National Theatre. All the land is passed back to the South Bank Centre, British Film Institute or Royal National Theatre at no cost to them and the leases run for 150 years.

Value:

£600,000 open market value of Bond Street, Dewsbury, established by a valuation at 31 March 2005. It is Arts Council England accounting policy to refresh the valuation of this freehold property once every five years.

As the land on the South Bank is leased for 150 years, it has no bankable value.

The Big Lottery Fund, Heritage Lottery Fund, Museums, Libraries and Archives Council and UK Sport do not own any land or buildings.