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Written question asked by Lord Austin of Dudley (Labour) on Friday, 30 November 2012, in the House of Commons. It was due for an answer on Tuesday, 4 December 2012. It was answered by Michael Fallon (Conservative) on Wednesday, 5 December 2012 on behalf of the Department for Business, Innovation and Skills.

Advantage West Midlands

Question

To ask the Secretary of State for Business, Innovation and Skills (1) if he will publish the (a) date of sale, (b) purchaser and (c) value of assets sold by Advantage West Midlands since April 2011;

[131672]

Answer

The Department currently does not hold records centrally of each asset sold by Advantage West Midlands (AWM), in particular details relating to the date of sale and the purchaser.

The Regional Development Agencies (RDAs), maintained their own records of properties sold and these have been transferred to the Department as part of the RDA closure programme. Obtaining the information

would require the retrieval of records from archive facilities and detailed analysis of AWM's records, and this could be done only at disproportionate cost. The sale proceeds of land and property assets (“inventory”) sold by AWM in the financial year 2011/12 can be determined from their audited annual report and accounts 2011-12 as £4.43 million.

The Government published a full list of RDA freehold land and property assets (as at 30 September 2010) on 28 October 2010, this is available at:

http://data.parliament.uk/depositedpapers/files/dep2010-1895/dep2010-1895.doc

The list of sites transferred to the Homes and Communities Agency on 19 September 2011 was published on the BIS website at the time and can be seen at:

http://webarchive.nationalarchives.gov.uk/+/http:/www.bis.gov.uk/policies/economic-development/englands-regional-development-agencies/assets/transferring-assets

Secondary information

Type
Written question
Reference
131672; 554 cc755-6W
Session
2012-13
Subjects
Assets Advantage West Midlands
Link
View this Written question on www.publications.parliament.uk