Question to the Cabinet Office:

To ask the Minister for the Cabinet Office, what estimate he has made of the potential profit the Government Property Unit will accrue from Departments from renting out space at market rates under the New Property Model.

Under the New Property Model, the Government Property Agency is intended to be set up as an Executive Agency of the Cabinet Office. As such, GPA will not be able to accrue any profit from Departments under HMT guidance on Managing Public Money. Any surplus arising will be subject to HMT’s Consolidated Budgeting Guidance rules at the time.