Money generated from government property sales

New figures have revealed. That £1.1 billion has been generated over the last year, through a drive to make more efficient use of Government land and buildings.

£1.1 billion of property sales have been achieved in the past year, meaning more than two thirds of the three-year target has been delivered in the first twelve months.

The Ministry of Defence disposed of 24 assets over the course of the year, raising £65.1m. In addition, NHS Trusts sold 21 sites that raised £34.3m, and NHS Property Services disposed of 5 five secondary health care sites which raised an additional £4.6m.

Cabinet Office Minister Alex Burghart said: "We want to make government more efficient in all areas as we change this country for the better, and today’s report shows the public estate is playing its part.

"We’re clear we want to see a smaller, better, and greener public estate and we want to use public property to stimulate economic growth and create opportunities for jobs and regeneration.

"Those were the principles we built our Government Property Strategy around and I am pleased we have made such impressive progress in just the first year."


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