Asset Management Unit
The AMU has developed an Asset Management Strategy for the effective and efficient management of public sector property assets.
The AMU works with Departments and their arm’s length bodies to help make best use of their asset base and develop effective asset management plans to achieve the Executive’s targets for raising additional capital for re-investment.
The AMU has helped government raise £108m of additional capital through asset sales and other actions. AMU has also assisted departments to raise a further £32.5m during this period through asset disposals.
Working with departments, AMU has helped to introduce more rigour in the management and utilisation of assets. Some examples include:
Initial estimates suggest the gross resource savings delivered to date are running at circa £23.6m per year. The final figures up to the end of 2014/15 will not be available until departments have completed their 2015 Asset Management Plans.
Invest to Save Proposals
Since the approval of the Asset Management Strategy in June 2013, £51m has been invested in property acquisitions which will generate annual resource savings of c£5m. A programme of Invest to Save projects is being developed for Executive consideration.
Asset Management Plans
All departments have completed annual Asset Management Plans in each of the last three years.
Reform of Property Management (RPM) Project
The team are supporting DFP transfer of all office property and surplus assets to DFP. Condition and environmental surveys have been completed on approximately 300 offices. This will help inform investment and accommodation plans to create a more efficient office estate.
Social Housing Reform Programme
The team have been supporting the DSD develop new proposals for delivering social housing in the region.
All lease activity is now co-ordinated across central government through RPM and ensures that all possible opportunities to generate savings are considered.
Wind Energy Development
A sector specialist is helping to deliver the DARD objectives for wind energy development on the Forest Service estate.