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<p>On 9 November 2015, the government announced a £1.3bn investment to reform and
modernise the prison estate to make it more efficient, safer and focused on supporting
prisoner rehabilitation.</p><p> </p><p>The Secretary of State for Justice announced
on 25 November 2015 that HM Prison and Young Offender Institution Holloway would be
closed as the first stage of this programme. HMP Holloway was closed on 22 June. Once
the prison has been fully decommissioned it will be handed over to the Ministry of
Justice Estates Directorate for disposal.</p><p> </p><p>No decisions have yet been
taken on the future of the Holloway site. The Ministry of Justice will work closely
with the local authority and others, on future options for the site. Once a decision
is made, the MoJ and its advisors will engage with the market and other stakeholders.
Any valuation information is considered commercially sensitive and therefore cannot
be released.</p>
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