HC Deb 07 November 1995 vol 265 c717W
Mr. Betts

To ask the Secretary of State for National Heritage if she will list by type of project(a) how many schemes have been approved to date under the private finance initiative, (b) what is the value of those schemes and (c) what public sector contribution will be required both initially and as a revenue support during the lifetime of the schemes. [41743]

Mr. Sproat

In the Department of National Heritage, which includes its two agencies, five projects have been approved to date:

  1. (i) Royal Armouries project (Historic Royal Palaces Agency;
  2. (ii) Hampton Court catering (Historic Royal Palaces Agency);
  3. (iii) Dell Restaurant (Royal Parks Agency);
  4. (iv) Lido, Hyde Park (Royal Parks Agency);
  5. (v) Car Parking, Regents Park and Hyde Park (Royal Parks Agency).

In the bodies sponsored by the Department, one project has so far been approved, for computer equipment for the British Library.

The total value of these projects is:

  1. (i) Royal Armouries: £42.7 million
  2. (ii) Hampton Court: £1.3 million
  3. (iii) Dell Restaurant, Regents Park £0.8 million
  4. (iv) Lido, Hyde Park: £0.5 million
  5. (v) Car parking, Regents Park and Hyde Park: £0.1 million; and,
  6. (vi) British Library computer equipment: £0.55 million.

The initial and continuing public sector contributions are:

Initial £ million Continuing
(i) Royal Armouries 1.5 £18.5 million over the five years 1993–98
(ii) Hampton Court catering 0.31 (1995–96) + £0.17 million to date
(iii) Dell Restaurant, Regents Park 0.14 Small positive annual return expected.
(iv) Lido, Hyde Park 0.3 Small positive annual return expected.
(v) Car Parking, Regents Park and Hyde Park None +£0.275 million to date (1995–96)
(vi) British Library computer equipment None None
1 Positive figures indicate that projects generate income, and require no continuing revenue support.