MyCSP: Shares

(asked on 26th May 2021) - View Source

Question to the Cabinet Office:

To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, how much the Government sold its shares in MyCSP for; and what the current value is of MyCSP.


Answered by
Julia Lopez Portrait
Julia Lopez
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 9th June 2021

When MyCSP was created as a mutual joint venture in 2012, the Cabinet Office owned 35%, Equiniti 40% and an Employee Benefit Trust 25%.

In 2014, the Cabinet Office sold 11% of MyCSP to Equiniti for £8 million.

In 2018, the Cabinet Office sold its remaining 24% stake to Equiniti for £8 million.

As the Cabinet Office no longer has a stake in MyCSP, we do not have a valuation of it.

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