Economic Situation: GP Surgeries

Treasury written question – answered at on 6 February 2024.

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Photo of Graham Brady Graham Brady Chair, Conservative Party 1922 Committee

To ask the Chancellor of the Exchequer, what guidance his Department has issued to the (a) Valuation Office Agency and (b) District Valuer Service on assessing the market conditions for developing new GP practices in the last five years.

Photo of Nigel Huddleston Nigel Huddleston The Financial Secretary to the Treasury

The District Valuer Service (DVS) is the specialist property arm of the Valuation Office Agency (VOA), providing independent, impartial, valuation and professional property advice across the entire public sector, and where public money or public functions are involved.

HM Treasury has not issued any guidance to the VOA. The VOA uses recognised valuation approaches in line with the Royal Institution of Chartered Surveyors (RICS) guidance.

The VOA provides the current market rent to enable the NHS to assess the financial value for money of newly proposed developments. This then enables the NHS to determine access to reimbursements. The role of the DVS is set out in the NHS Premises Cost Directions 2013, which is publicly available online: https://assets.publishing.service.gov.uk/media/6520111caea2d0000d219939/nhs-general-medical-services-premises-costs-directions-2013.pdf

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