Question to the Department of Health and Social Care:

To ask the Secretary of State for Health and Social Care, how revenues from the sale of NHS Property Services assets are re-allocated.

Where integrated care boards (ICBs) declare NHS Property Service (NHSPS) owned assets surplus to their future clinical requirements, the NHSPS markets these properties for sale with the net proceeds, after the cost of sale, being reinvested into operational healthcare facilities. All sales follow the process set out in Managing Public Money, to maximise value for the taxpayer.

All net proceeds from the sale of surplus NHSPS assets are split equally between local and national capital investment projects, with half of the proceeds being invested in local priority capital investment schemes agreed with the local ICB, and the remainder being reinvested in NHSPS owned properties, to ensure that all NHSPS properties continue to meet statutory requirements. Running cost and rental savings associated with the rationalisation of the estate and the disposal of surplus sites accrue to the National Health Service. NHSPS is a not-for-profit company wholly owned by My Rt Hon. Friend, the Secretary of State for Health and Social Care.