Issue - meetings

This report seeks approval of a Corporate Asset Management Strategy, providing the Council with a clear and consistent approach to the strategic management of its corporate land and buildings, outlining how the use of the Council’s assets will support the delivery of the Council’s priorities.

Purpose of report

To seek approval for a Corporate Asset Management Strategy, providing the Council with a clear and consistent approach to a strategic management of corporate land and buildings, outlining how the use of the Council’s assets would support the delivery of the Council’s priorities.

Decision

That Cabinet:

1.    Approves the adoption of the Corporate Asset Management Strategy 2022 – 2027.

2.    Delegates to the Director of Housing and Property authority to make minor amendments to the Strategy as needed by changes to regulation or legislation.

Alternative options considered and rejected

The continuation with current customs and practice was not recommended as this may have led to a missed opportunity to support the delivery of the Council’s Corporate Plan.

Undertaking repairs on a purely responsive basis was not recommended as this tended to be more costly than planned maintenance and may have impacted on the delivery of services.

Aiming for a higher standard of building condition than that proposed was not recommended due to the financial implications of exceeding a satisfactory condition.

Reason for decision

The adoption of the Corporate Asset Management Strategy would continue to strengthen the Council’s management of its assets, providing greater assurance that they were safe and complied with statutory requirements as well as creating the opportunity to improve the quality and value for money of the services they could deliver. The foundations of this process would require robust data and process, increased capacity, and strong governance and decision-making.

The Council’s Corporate Plan contained a specific action to adopt a Corporate Asset Management Strategy (AMS), linked to the Corporate Plan priority of being a ‘High-Performing Council’.

Recent achievements listed by the Leader of the Council included the upcoming relocation of the corporate headquarters to St. Catherine’s Road, Grantham, and the vacation of the existing St. Peters’ Hill offices.