Yorkshire Forward: Assets

Business, Innovation and Skills written question – answered on 24th November 2010.

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Photo of Julian Smith Julian Smith Conservative, Skipton and Ripon

To ask the Secretary of State for Business, Innovation and Skills what recent discussions his Department has had on the sale of assets owned by Yorkshire Forward.

Photo of Mark Prisk Mark Prisk The Minister of State, Department for Business, Innovation and Skills

This Department has been having ongoing discussions on the principles and process for the disposal of all RDA assets and liabilities. Detailed guidance to RDAs is still being prepared and this will enable plans to be developed for transition. Until these plans are completed there will be no decisions on the sale or transfer of assets (outside ordinary course disposals) unless there are compelling time pressures which require an early decision be made. The plans will aim to secure maximum value for money for the taxpayer and optimum benefits to the region in question.

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