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MyCSP: Shares

Question for Cabinet Office

UIN 7727, tabled on 26 May 2021

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 on

9 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.

Answered by

Cabinet Office