Estate Rationalisation in Central and Local Government

5 June 2008

Having already delivered £23 billion of savings under the Gershon programme, and with a further £30 billion about to bite in the 2008-2011 spending round, public sector bodies are now under increased pressure to reduce costs as a result of the impact of the economic downturn on the government's finances. Evidence of this was apparent in the Chancellor's announcement in the Budget that he plans to set up a Public Value Programme, which will set further challenging targets for savings up to 2013.

Against this backdrop, both central and local government will need to look closely at their holdings of land and property to see how they can achieve greater efficiencies. These are likely to include the following:

  • transferring ownership of assets to the private sector where this secures better value for money through access to new funding and skills, or by placing risk where it can be better managed
  • dentifying and capitalising hidden assets
  • increasing value for money from retained assets and property
  • selling surplus assets to free resources for new investment.

With the support of the Office of Government Commerce and Partnerships UK, City & Financial is therefore organising this timely conference in order to guide delegates through a variety of strategies and techniques that can be used to achieve the four types of efficiency measures listed above. Through a combination of formal presentations, case studies and panel discussions, the speakers will describe in a highly practical way the opportunities and challenges faced by the public and private sectors in effective estate rationalisation.

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