AWM: the great £400m sell-off begins
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THE sell-off of AWM assets valued at around £400m will start in April.
Plans for the disposal of RDA assets set out by Ministers aim to “achieve the best possible outcome for the local area” but also stress the need to “achieve the best value for the public purse”.
Business and Enterprise Minister Mark Prisk said: “It is our priority that the transition from RDAs to a new economic delivery landscape is as smooth, effective and efficient as possible.
“Part of this process is being clear to all interested parties about the precise process and the timeline we are working to.
“We want to ensure that the process provides the best use of tax-payer money, and that where other parties want to take on projects these will be both successful in their own right, and help the Government to boost growth.”
RDAs have now submitted plans for their assets to the Government which will review them before being signed off by RDA boards.
The Growth White Paper published in October offered no guarantee that RDA assets or proceeds from their sale would remain in the region.
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