2016 Report details for project: ICR Monetisation
| Project name | ICR Monetisation - there are 4 reports for this project: 2014, 2015, 2016, 2017 |
|---|---|
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| Contracts | Contracts search (opens in new window) - under development |
| Organisation | BIS (D3) - see all reports for this organisation |
| Report year | 2016 (data is from September 2015) |
| Category | Transformation - see all reports for this category |
| Description: | HM Government is carrying out a programme of asset sales with the purpose of reducing public sector net debt (PSND). The Government has announced its intention to sell the pre-Browne Income Contingent Repayment (ICR) student loan book to contribute to this objective and to realise value to the taxpayer. This loan book will be sold in a series of tranches over a number of years. The first tranche of loans is expected to be sold by 2015-16. As is normal with transactions of this type, there will be a value for money assessment made before each sale. Each sale is required to represent value for money and meet other key project objectives to be considered a success. Failure to meet objectives will result in a decision not to sell. |
| DCA (RAG) | Amber/Red |
| DCA text: | The first tranche sale has now been moved from a 15/16 timetable to 16/17. |
| Start date | 2010-03-01 |
| End date | 2018-12-31 |
| Schedule text | HMG has enhanced its intention to carry out a programme of sales over 5 years with a first sale expected to occur in 2016/17. |
| Baseline | £5.80m |
| Forecast | £5.80m |
| Variance | None% |
| Variance text: | Budget variance less than 5%. |
| Whole Life Cost | £15.29m |
| WLCost text: | Data not provided |
| Notes1: | Budget variance less than 5%. |
| Notes2: | |
| Sourcefile | IPA_2016.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.