Decision details

Kent County Council runs a portfolio with an asset value of c.£1.87 billion.  In addition, KCC runs an ambitious capital programme where receipts from the disposal of surplus assets fund improvements to its remaining estate and service improvements.

To ensure KCC extracts maximum financial, operational and social value from its estate it is imperative that it continuously aligns it to KCC’s outcomes contained within its various policies and objectives and looks to the future to determine a plan to follow and assess its success against.

A Property Asset Management Strategy is an effective tool to drive an Estate’s efficient and effective management by setting out objectives and performance criteria. Property assets are a considerable cost to the delivery of services and to ensure value for money is being obtained by KCC, the Estate needs to deliver its function adequately and appropriately in accordance with the needs of the organisation.

This Strategy will replace KCC’s current Asset Management Strategy 2012 – 2017.  An Equalities Impact Assessment has been undertaken for this Strategic document. The Plan will contain financial considerations and legal implications where appropriate.

As Cabinet Member for Corporate and Democratic Services, I agree to:

1.            Note the Estate’s present position and achievements through the implementation of the last Asset Management Strategy 2012–2017;

2.            Note the proposed policy statement including the vision and mission for the estate;

3.            Note the six themes which the Strategy will focus upon to deliver the vision for the estate; and therefore

4.            Agree the adoption of the Asset Management Strategy 2018-2023 and the development of delivery plans.