Foreign and Commonwealth Office: Assets
(asked on 16th March 2018) - View Source
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign and Commonwealth Affairs, how much money his Department has raised from the sale of (a) assets, (b) land and (c) buildings in each year since 2010.
The table below shows the proceeds from the sale of Foreign and Commonwealth Office's (FCO) assets
| Other assets | Land & Buildings |
2009/10 | 832,494 | 9,266,174 |
2010/11 | 746,784 | 19,470,110 |
2011/12 | 1,209,251 | 26,260,902 |
2012/13 | 1,399,572 | 78,861,263 |
2013/14 | 897,953 | 38,689,848 |
2014/15 | 891,265 | 3,028,819 |
2015/16 | 766,990 | 19,986,330 |
2016/17 | 1,004,035 | 56,184,837 |
The FCO does not separate value when land and buildings are sold together. The table above covers assets (mainly vehicles), land and buildings. The FCO manages its property portfolio in line with its business needs, including investment in new properties and disposal of those no longer required. Capital disposal receipts are retained for further investment by the FCO as agreed with Her Majesty's Treasury. Full details can be found in the FCO's published annual report and accounts on the gov.uk website.