Skip to main content

Departmental Assets

Volume 503: debated on Thursday 7 January 2010

To ask the Secretary of State for Work and Pensions what assets of her 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 she will make a statement. (300376)

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 in the coming weeks.

One of this Department’s key investment strategies during the 2004 spending review period was to reduce asset ownership, and contract for key services. The successful implementation of that strategy resulted in a greatly reduced asset base.

The DWP does not own any land or property. Asset transfer has already been completed through a PFI contract known as PRIME, returning exchequer receipts of £250 million in 1998 and £100 million in 2003 when DWP outsourced its estate. This arrangement covers the majority of property occupied by the Child Maintenance and Enforcement Commission (a Crown non-departmental public body). There is currently no intention to sell any of the Commission’s assets during the years in question.

Planned asset sales for the Health and Safety Executive (a Crown Non-departmental public body) are outlined in the following table:

£000

Vechicles1

Land

2009-10

NBV

235

5

Sales

262

1

2010-11

NBV

362

10

Sales

362

10

2011-12

NBV

347

0

Sales

347

0

2012-13

NBV

277

0

Sales

277

0

2013-14

NBV

362

0

Sales

362

0

1 Vehicle sales are mainly related to the Health and Safety Executive’s Private User Scheme which provides vehicles on a three year contract for staff travelling in excess of 5,000 business miles per annum on a shared cost basis.

The DWP disposed of the majority of its vehicle fleet in August 2007. The Department’s IS/IT and telephony requirements were outsourced to EDS (now part of Hewlett Packard) and BT in 2005.

Leasehold improvements to Jobcentre Plus sites are classed as assets but cannot be disposed of independently so the impact on value is negligible, as the assets themselves (the buildings) are not owned by the Department.