Local Partnerships: Government Shareholding
(asked on 11th October 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 15 September 2016 to Question 45730, what estimate he has made of the current value of his Department's share in local partnerships.
This question was answered on 17th October 2016
HM Treasury holds a 50% share in Local Partnerships LLP. It is difficult to put a precise value on shareholding given LP’s business model and remit, and the fact that it is not capable of being sold in the open market in its current form. Total net asset value, as per Local Partnerships’ most recent audited accounts, is £6.8 million, and on this basis the Department’s share is £3.4 million.