Virendra Sharma – 2016 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Virendra Sharma on 2016-02-05.

To ask the Secretary of State for Communities and Local Government, how much has accrued to the public purse from the Queen Elizabeth II Conference Centre in each of the last five complete financial years.

Brandon Lewis

This information is set out in the Department’s Annual Report and Accounts. The Queen Elizabeth II Conference Centre was valued during March 2010 and the total valuation was reported at £25,000,000. It was valued again during March 2015 and the total valuation was reported at £38,500,000. Dividend payments received by the Department from the Queen Elizabeth II Conference Centre trading fund for the five years are as set out below:-

2010-11 – £1,200,000

2011-12 – £1,200,000

2012-13 – £2,250,000 (exceptional dividend received due to Olympic event)

2013-14 – £1,500,000

2014-15 – £1,500,000.