Royal Navy - Ship Sold 2002-2007
Type | Country | Service cost | Original cost (£) | Sale price (£) | |
(1) Records not kept beyond point of sale. (2) This information is not held centrally and could be provided only at disproportionate cost. (3) Information concerning original cost is not held. Average cost has been estimated at 2007 prices and includes Government furnished equipment. (4) Original cost of vessels not held. Original build cost provided but does not include other costs such as Ministry supplied material and equipment. (5) No records held. (6) Leased to Canada in 1998, with an option to purchase, which was exercised in 2003. It is impossible to calculate exact value for this submarine as lease covered four submarines, remaining three still under lease. Total value of lease is Canadian $360 million for all four submarines. (7) Sunk as artificial reef. (8) Records not kept beyond point of saleultimately dismantled in Pakistan. |
These figures are rounded and those in the sale price column reflect the total sales revenue.
It is standard practice for sales of surplus warships to foreign Governments to include a package of modernisation and regeneration work provided by industry. It is not possible to provide figures relating to industry costs or the subsequent detailed financial returns to the UK defence budget and British taxpayer, without incurring disproportionate costs. Moreover, any such figures would be commercially sensitive, and could not be released.
In many cases the only alternative to a sale of these surplus warships would have been recycling, potentially at a cost to the British taxpayer. The benefits of these sales extend beyond the capital return, as they provide a defence diplomacy impact and enhance British industrial participation. It is not possible to quantify these benefits; however, in each case, the sale represented the best available outcome.
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