§ Mr. StrawTo ask the Secretary of State for Defence what estimate he makes of the value which would have been put on the Royal Ordnance factory, Blackburn, when the Royal Ordnance Factory plc was sold to British Aerospace if full account had been taken of the factors listed in the recent report by the Comptroller and Auditor General.
§ Mr. SainsburyOur surveyors took full account of all the significant factors relevant to the existing use and alternative use valuations of each site as at the date of the valuation. There are no additional factors mentioned in the Comptroller and Auditor General's report which would have affected the valuations made.
§ Mr. StrawTo ask the Secretary of State for Defence what value was put on the Royal Ordnance factory, Blackburn, when the Royal Ordnance Factory plc was sold to British Aerospace.
§ Mr. SainsburyAs with all the sites owned by Royal Ordnance plc, ROF Blackburn was valued on both an existing use and an alternative use basis, as at 31 December 1985. These valuations were £4,400,000 and £400,000 respectively. Only the higher, existing use, valuations were made available to prospective purchasers of Royal Ordnance.
§ Mr. StrawTo ask the Secretary of State for Defence whether(a) the potential development value of the site of the Royal Ordnance factory Blackburn, and (b) the proximity of the site to the extension of the M65 motorway to the M6 were included in the value placed upon the factory when Royal Ordnance Factory plc was sold to British Aerospace.
§ Mr. SainsburyAll the significant circumstances relevant to the alternative use valuation of ROF Blackburn as at the date of the valuation were taken into account.