Lord Bishop of Exeter
Main Page: Lord Bishop of Exeter (Bishops - Bishops)My Lords, I note that the Government’s stated objectives are to maximise receipts in order to create best value for the taxpayer and to create maximum long-term value for the economy, presumably the local economy. Can the Minister tell us how and by whom the second objective of long-term value will be evaluated?
All sorts of arrangements are being made, some of which are not yet complete. We will make an announcement soon on some of the remaining land and property assets that have not yet been disbursed. We also have venture capital funds that are being transferred to BIS. Investment decisions will remain sited in the regions and funds will be reinvested for the benefit of the regions.