2.11 The Department negotiated a Parent Company Guarantee (PCG) from Land Securities plc, the parent company of Land Securities Trillium, to cover both PRIME and PRIME expansion estates to the value of £95 million which declines over ten years. To bolster the PCG, the Department has a second charge, subordinate to the banks, on a further £40 million of property and a £25 million charge on assets such as furniture and equipment over the life of the contract.