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Government Departments: Assets

Cabinet Office written question – answered on 17th June 2016.

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Photo of Nick Brown Nick Brown Chair, Finance Committee (Commons)

To ask the Minister for the Cabinet Office, what plans the Government has to sell government-owned assets in the Newcastle upon Tyne local authority area.

Photo of Matthew Hancock Matthew Hancock The Paymaster General and Minister for the Cabinet Office

The Government is undertaking a programme to dispose of surplus Government owned land and property to improve the efficiency of the Government estate, deliver value for the taxpayer and support economic growth, in particular housing. The Government is committed to disposing of at least £5 billion of public sector land and property between 2015 and 2020 and freeing-up surplus Government owned land with capacity for at least 160,000 homes. This will involve selling surplus land and property across the country. In the Newcastle upon Tyne area for example, in the coming year, the Northumbria Probation Service Office at 6 Lansdown Terrace will be marketed for sale, and Network Rail are planning to release a former freight site at Heaton Down Yard for development. All Departments are working to accelerate the release of their surplus property and get it to market, so that it can deliver local benefits and value.

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