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Departmental Assets

Volume 502: debated on Thursday 10 December 2009

To ask the Minister of State, Department for Business, Innovation and Skills what assets of his Department are planned to be sold in each year from 2009-10 to 2013-14; what the (a) description and (b) book value of each such asset is; what the expected revenue from each such sale is; and if he will make a statement. (300194)

The Government have stated their intention to realise £16 billion in asset disposals over the period 2011-14 and will publish further details of opportunities to commercialise business assets and property in the coming weeks.

The Department for Business, Innovation and Skills (BIS) currently has planned asset disposals of £9 million in 2009-10 and £21 million 2010-11.