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<table><tbody><tr><td><p>The Government set out its ambition for a reformed prison
estate in the November 2016 Prison Safety and Reform White Paper. Our reforms will
close down ageing and ineffective prisons and replace them with buildings fit for
today’s demands. Our new prison estate will create the physical conditions for Governors
to achieve better educational, training and rehabilitation outcomes. We have concluded
the marketing exercise for the sale of the former HM Prison and Young Offender Institution
Holloway site and are currently evaluating the bids received. As part of the evaluation,
the Ministry of Justice will assess the feasibility of redevelopment schemes proposed
by bidders. This will include whether they comply with the London Borough of Islington’s
(LBI) affordable housing and other planning requirements and whether the purchaser
has sufficient funds to undertake the development. The MoJ will also consider the
proposed timetable for development and the track record of the developers in undertaking
developments on time.</p></td></tr></tbody></table><p>We expect to make an announcement
about the successful bidder in the Spring of 2018. At this stage in the process the
number of bids received is commercially sensitive.</p>
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