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British Academy: Leasehold

Question for Department for Business, Energy and Industrial Strategy

UIN 50599, tabled on 16 September 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish the terms of the funds made available to the British Academy to purchase a long lease on their building in Carlton House Terrace; and if he will make a statement.

Answered on

21 September 2021

The National Academies, including the British Academy, are an integral part of the UK’s R&D landscape and provide an important contribution to securing the UK’s status as a global science superpower. In 2018 a grant of £14m was provided to the British Academy to support the extension of the lease on their premises. This also enabled a private donation of £10m, which was conditional on the capital investment. The funding secured the Academy’s long-term future in Carlton House Terrace, close to the other National Academies, providing an intellectual and cultural hub of world-leading knowledge and expertise. In line with usual practice, the government does not publish detailed commercial terms and conditions of grant agreements with individual organisations.

Named day
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