Advantage West Midlands

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

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Photo of Bob Ainsworth Bob Ainsworth Labour, Coventry North East

To ask the Secretary of State for Business, Innovation and Skills when he expects to make a decision on the future ownership of the Ansty Business Park, Coventry, after the closure of Advantage West Midlands.

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 regional development agency (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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