Mr. LidingtonTo ask the Secretary of State for Transport if he will make a statement about the sale of the Department's former research site at Crowthorne. [18901]
Mr. BowisMy Department has exchanged contracts with Legal and General Assurance Society Ltd. to dispose of the research site at Crowthorne, to take effect from 25 March. The price is £18.2 million with a clawback provision on the undeveloped part of the site. The disposal represents a good deal for the taxpayer and the local community at Crowthorne which will have the benefit of a respected financial institution as the new landlord. The Transport Research Laboratory has a long lease for most of the site which has 14 years to run. TRL will be able to continue its excellent research, for which it is world famous.