Commons Sense

House of Commons · Written Ministerial Statement

Ebbsfleet Update

03 February 2022 · Department for Levelling Up, Housing and Communities

Proposed by Christopher Pincher Con Tamworth

HousingLocal GovernmentTaxation

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • Christopher Pincher is providing an update on the approval from HM Treasury for a remote contingent liability related to Ebbsfleet Development Corporation's investment in the Ebbsfleet Central site.
  • The Department for Levelling Up, Housing and Communities will fund any expenditure should claims be brought forward against EDC through the normal Supply procedure.
  • This remote contingent liability will remain in effect only during the duration of ongoing works until occupiers sign off on them.

Issue summary

Christopher Pincher is providing an update on the approval received from HM Treasury for a remote contingent liability related to Ebbsfleet Development Corporation's investment in the Ebbsfleet Central site.

Action requested

The Department for Levelling Up, Housing and Communities will fund any expenditure should claims be brought forward against EDC through the normal Supply procedure. This remote contingent liability will remain in effect only during the duration of ongoing works until occupiers sign off on them.

Key facts

  • The approval was received from Her Majesty’s Treasury for a remote contingent liability.
  • Ebbsfleet Development Corporation entered into an indemnity with HS1 Ltd.
  • The remote contingent liability will last only as long as the works are ongoing and ceases once occupiers sign off on them.
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