Teresa Pearce – 2014 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Teresa Pearce on 2014-03-27.

To ask the Secretary of State for Work and Pensions, pursuant to the Answer 6 March 2014, Official Report, columns 971-2W, on Remploy, which businesses were sold; and whether profit from such sales has been passed back to HM Treasury.

Mike Penning

The automotive, filters, healthcare, e-cycle and CCTV managed services were the five businesses that were sold as part of Remploy’s commercial process.

The overall cost of the exit of the factory businesses included profits from the sales of the businesses with total costs estimated to be below budget.