Departmental Assets

Children, Schools and Families written question – answered on 25th January 2010.

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Photo of Vincent Cable Vincent Cable Shadow Chancellor of the Exchequer

To ask the Secretary of State for Children, Schools and Families 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.

Photo of Diana R. Johnson Diana R. Johnson Parliamentary Under-Secretary (Department for Children, Schools and Families) (Schools)

The Department for Children, Schools and Families has disposed of one of its current Headquarters buildings at Moorfoot in Sheffield, which was sold to the local authority during 2009-10 for £3 million; the book value was £3 million. The Department also intends to dispose of its freehold office building at Mowden Hall in Darlington during 2012-13 for an estimated value of £2.8 million; the book value is currently £2.8 million.

These two items are the only significant asset sales currently planned for the Department during the period 2009-10 and 2013-14.

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.

The sale of other less significant assets, such as furniture, IT equipment and motor vehicles, is unplanned and disposed of on an ad hoc basis when they reach the end of their useful economic life; either through obsolescence or fault.

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