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Regional Development Agencies

Volume 496: debated on Wednesday 9 September 2009

To ask the Minister of State, Department for Business, Innovation and Skills what his most recent estimate is of the monetary value of unused land owned by regional development agencies. (277882)

[holding answer 3 June 2009]: At 31 March, the monetary value of unused land owned by the regional developments agencies was £268,021,001.

The figure above gives the monetary value of land holdings recorded on each RDA’s asset register at 31 March on which there is no activity or other development taking place although in virtually all cases the RDAs are actively negotiating the development or plans for development of these assets. While assets are revalued at least annually by RDAs, the book value may not reflect the actual value of a particular holding therefore these figures should only be considered an estimate.