§ Mr. HancockTo ask the Secretary of State for Defence (1) what role Annington Homes Ltd. has in deciding which properties are released back to them for disposal; and if he will make a statement; [71817]
(2) how much money has been received in each year since 1996 from the profit share on his Department's homes released to Annington Homes Ltd. for disposal; what share of the profit these amounts represent; and if he will make a statement. [71840]
§ Dr. MoonieAnnington Homes has no influence over which properties are released to them. They can only reject properties if a release is not in accordance with the sale agreement. This states that a release must comprise, as Annington's minimum entitlement, the lesser of
1109W10 per cent. of a site or 20 units. The Ministry of Defence releases to Annington Homes only those families quarters for which there is no longer a service requirement.
The sale agreement incorporates a profit share agreement which has yielded the following by financial year:
£ million 1997–98 2.29 1998–99 3.53 1999–2000 6.80 2000–01 8.03 2001–02 18.79 The Exchequer receives a proportion of any gains in excess of an agreed level according to the sliding scale as follows:
Percentage 1997 50 1998 45 1999 40 2000 35 2001 30 2002 25 2003 25 2004 25 2005 25 2006 25 2007 22 2008 19 2009 16 2010 13 2011 10