Written question asked by Tim Loughton (Conservative) on Thursday, 16 September 2021, in the House of Commons. It was due for an answer on Tuesday, 21 September 2021 (named day). It was answered by George Freeman (Conservative) on Tuesday, 21 September 2021 on behalf of the Department for Business, Energy and Industrial Strategy.

British Academy: Leasehold

Question: To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish the terms of the funds made available to the British Academy to purchase a long lease on their building in Carlton House Terrace; and if he will make a statement.

Answer: The National Academies, including the British Academy, are an integral part of the UKâs R&D landscape and provide an important contribution to securing the UKâs status as a global science superpower. In 2018 a grant of Â£14m was provided to the British Academy to support the extension of the lease on their premises. This also enabled a private donation of Â£10m, which was conditional on the capital investment. The funding secured the Academyâs long-term future in Carlton House Terrace, close to the other National Academies, providing an intellectual and cultural hub of world-leading knowledge and expertise. In line with usual practice, the government does not publish detailed commercial terms and conditions of grant agreements with individual organisations.

Secondary information