Assets: Northern Ireland

HM Treasury written question – answered on 9th November 2015.

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Photo of Alasdair McDonnell Alasdair McDonnell Social Democratic and Labour Party, Belfast South

To ask Mr Chancellor of the Exchequer, whether he expects revenue to be generated to the public purse from the sale of assets, buildings and land in Northern Ireland during 2015-16; and if so for what amount.

Photo of Greg Hands Greg Hands The Chief Secretary to the Treasury

The devolved administrations have the capacity to generate income from asset sales and should do so where this is a sensible way of realising value for taxpayers and freeing up resources for investment.

The Government has committed to securing good value for money for taxpayers by establishing UK Government Investments to deliver the sale of a wide range of publicly-owned assets.

The Stormont House Agreement contains specific measures whereby the Treasury would allow the Northern Ireland Executive to retain the proceeds of specific agreed asset sales in their entirety, and give exceptional consideration to those funds being used for a combination of both capital and resource spending.

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