2014 Report details for project: Project Eagle (formerly Urenco Future Options)

Project name: Project Eagle (formerly Urenco Future Options) - there are 5 reports for this project: 2013, 2014, 2015, 2016, 2017
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Organisation: BIS (D3) - see all reports for this organisation
Report year: 2014 (data is from Sept 2013)
Category: Transformation - see all reports for this category
Description: The Government has adopted a policy of asset disposal where there is no longer a good case in public policy terms for continued public ownership. On that basis, the Department of Energy and Climate Change (DECC), with commercial advice and support from the Shareholder Executive, are taking forward preparations for a sale of HMG’s one-third shareholding in Urenco, a uranium enrichment company. A sale could realise significant proceeds which have, in part, been earmarked to capitalise the Green Investment Bank in 2014/15. The project was transferred to BIS (in the Shareholder Executive) through a Machinery of Government change in February 2013.
DCA (RAG): Exempt FOI
DCA text: Data exempt under section 27 and section 43 of the Freedom of Information Act (2000)
Start date: 2010-02-01
End date: None
Schedule text: Data exempt under section 27 and section 43 of the Freedom of Information Act (2000)
Baseline: £5.89m
Forecast: £4.09m
Variance: -30.51%
Variance text: 13/14 forecast represents the estimated cost of administering the sales process, including use of expert advisers for the FY13/14 year as at September 2013.
Whole Life Cost: £18.42m
WLCost text: Whole life costs represent the cumulative total of the annual allocated budgets and do not represent estimated spend. This will be materially lower, as a significant portion of each year's allocated budgets may be unused, and consequently rolled over. Each annual budget represents the estimated cost of administering the sales process, including use of expert advisers
Notes1: Urenco Future Options Data exempt under section 27 and section 43 of the Freedom of Information Act (2000)
Notes2:
Sourcefile: IPA_2014.csv

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