§ Baroness Anelay of St Johns
asked Her Majesty's Government:
Further to the Written Answer by Lord Falconer of Thoroton on 23 June (WA 49) about the proportion of the proceeds of sale from the Millennium Dome site that will be split between the New Millennium Company and English Partnerships, what factors will be taken into consideration when determining the division of proceeds; and what priority will be given to those factors. [HL3048]
§ Lord Falconer of Thoroton
The recommended decision on the division of proceeds will be taken by28WA Ministers in the Department for Culture, Media and Sport, the Department of the Environment, Transport and the Regions (DETR), HM Treasury, and myself. In taking this decision Ministers will receive information and advice from the New Millennium Experience Company (NMEC), English Partnerships, the Millennium Commission, and officials in their respective Departments. This will include information about the nature of the preferred bid, including the associated financial offer and the land and other assets required. Such information will be taken into account in deciding how the proceeds of the sale will be divided between NMEC and EP.