Education written question – answered on 10th March 2014.

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Photo of Brian H Donohoe Brian H Donohoe Labour, Central Ayrshire

To ask the Secretary of State for Education what estimate he has made of the total value of all land owned by schools where title deeds have been transferred from local authorities to academies.

Photo of Edward Timpson Edward Timpson The Parliamentary Under-Secretary of State for Education

The value of academy trusts' land in the Department's consolidated accounts for financial year 2012-13 is £5.718 billion. The Department based this figure on a valuation commissioned to prepare its accounts. The valuation takes no account of how academy trusts have valued land in their own accounts or whether the academy trusts have title to the land. The Department instead values land that academy trusts own or have the sole long-term use of. We cannot therefore estimate the value of land where local authorities have transferred title to academy trusts.

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