ADT City Technology College
§ Miss Hoey
To ask the Secretary of State for Education and Science what direction he gave the London residuary body as to disposal of the site for the ADT city technology 15W college in Wandsworth; what was the valuation of the site; and what provision has been made to compensate inner London boroughs for the loss of their proportion of the capital value of the site that has been transferred to the ADT city technology college.
§ Mr. Eggar
My right hon. and learned Friend has given no direction to the LRB as to the disposal of this site. The LRB valued the site for educational purposes, and on that basis leased it to ADT. The valuation is confidential commercial information. The receipts from the lease will be used for the benefit of all the inner London councils.