Urenco

Business, Innovation and Skills written question – answered on 14th January 2014.

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Photo of Adrian Sanders Adrian Sanders Liberal Democrat, Torbay

To ask the Secretary of State for Business, Innovation and Skills what assessment he has made of the economic consequences of selling the Government's stake in Urenco.

Photo of Michael Fallon Michael Fallon The Minister of State, Department for Business, Innovation and Skills , Minister of State, Department of Energy and Climate Change

On 22 April 2013, the Government announced our decision to move forward preparations for the sale of all or part of our one-third shareholding in Urenco. It is Government policy not to continue to hold shares in companies where the shareholding itself does not deliver any policy objective.

No final decision to sell has yet been taken. Any final decision will be dependent on achieving value for money for the taxpayer, informed by a thorough economic assessment of any agreed sale proposition.

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