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Better Asset Management

Public services are evolving in the context of rising public expectation, increasing focus on improving efficiency and value for money, and the continuous emergence of new technologies. An asset base worth around £220 billion across central government underpins these services and needs to develop to reflect and support their evolution. The Government's strategy for increasing efficiency in the public sector gives further impetus to these developments. Asset management is a key part of this story:

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

In response to the recommendations in Sir Michael Lyons' report to the Chancellor in 2004, Towards Better Management of Public Sector Assets (PDF, 210KB), OGC has responsibility for embedding effective property asset management in central civil government within the HM Treasury initiative to improve asset management across the wider public sector.

To support this role, OGC engaged Professor Steven Male, of Leeds University, to provide baselining research to inform the development of the Routemap to Property Asset Management Excellence, High Performing Property.  The Leeds study, Improving Property Asset Management in the Central Civil Government Estate (PDF, 1.1MB), is also available.

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