Matt Hancock
Main Page: Matt Hancock (Conservative - West Suffolk)
Greg Clark
My hon. Friend is absolutely right—and when I was talking to the Secretary of State earlier, he extolled the virtues of the pies available at the Norfolk food festival. We must take into account the long-term value of food security as well as the short and medium-term economic benefits of food production.
Matthew Hancock (West Suffolk) (Con)
9. What steps he is taking to help local authorities reduce the cost of their property.
The Minister for Housing and Local Government (Grant Shapps)
First, let me pay tribute to my hon. Friend for his great work in the Westminster Sustainable Business Forum. Public sector assets are worth about £385 billion, almost two thirds of which are owned by councils.
Matthew Hancock
I am grateful for the Minister’s reply. Is he looking forward to sending his boss along to next week’s launch of the second leg of the review of how much can be saved by reforming the way property is used by local public sector agencies and local authorities, which will highlight that this is about not just bricks and mortar but increasing productivity and spending money more wisely?
Grant Shapps
I have no doubt that my right hon. Friend the Secretary of State will enjoy that visit enormously, especially if good food is on offer. My hon. Friend is on to something here: public sector assets are worth £385 billion, and two thirds of them are council-owned. If a saving of just 20% in running costs were made, that could save about £35 billion a year in receipts over 10 years. There is an enormous amount of money to be saved, therefore, and I commend the work that has been done.[Official Report, 21 November 2011, Vol. 536, c. 2MC.]