Laurence Robertson (Tewkesbury, Conservative)
To ask the Secretary of State for Environment, Food and Rural Affairs what estimate she has made of the funding requirement of British Waterways in the next 10 years; how much funding her Department is planning to provide following the transfer of British Waterways to the charitable sector; and if she will make a statement.
Hansard source (Citation: HC Deb, 17 January 2012, c736W)
Richard Benyon (Parliamentary Under Secretary of State (Natural Environment and Fisheries), Environment, Food and Rural Affairs; Newbury, Conservative) replied:
The Government are committed to a sustainable and prosperous future for inland waterways. A new waterways charity, the Canal and River Trust (CRT), will take over responsibility for inland waterways operated by British Waterways in England and Wales. The Government will give the new charity the best start it can afford. The Government have already agreed to transfer the British Waterways property portfolio, valued at about £460 million, to CRT.
The Government are negotiating a long term funding agreement with the Trustees of the CRT. Those negotiations are considering a range of issues which could impact on the future funding of the canal network.
The outcome of the negotiations will be announced before the Government lays the necessary order under the Public Bodies Act to transfer British Waterways’ functions to CRT.