Jonathan Werran 11 September 2014

£13bn asset sales will help expand One Public Estate programme

Local government is likely to plough the bulk of £13bn capital asset receipts forecast over the next three years into innovative commercial investments, a senior productivity manager has advised.

The comments follow last week’s launch of the second wave of the One Public Estate initiative, which saw a further 20 local authorities join the collaborative pan-government property programme run in partnership with the Cabinet Office.

In its first wave, the OPE project has generated £88m in capital receipts, £21m projected savings and estimated £40m long-term economic benefits within the 12 local authority pilots.

Speaking at the launch, chair of the Local Government Association, Cllr David Sparks, said: ‘The Treasury predicts that more than £13bn pounds of local authority capital receipts will be raised from 2015-18.

‘With councils facing a £5.8bn pound shortfall by 2016, we can’t afford not to try new things to protect people’s services,’ Cllr Sparks added.

For the full version of this story please visit The MJ.

SIGN UP
For your free daily news bulletin
Highways jobs

Head of Democratic Services, Elections & Monitoring Officer

Harborough District Council
Grade 12 £67,236 – £71,223 plus £3000pa Statutory Officer Allowance
We are looking for an accomplished and proactive leader for our vacant post of Head of Democratic Services & Elections Market Harborough, Leicestershire
Recuriter: Harborough District Council

Social Worker

Durham County Council
£35,412 - £39,152 (pre-progression) / £40,777 - £45,091 (post-progression)
We are looking for social workers who have completed the assessed and supported year in employment to join our Families First teams, working with our Durham
Recuriter: Durham County Council

Social Worker

Durham County Council
Grade 9 £35,412 - £39,152 (Pre-Progression) / Grade 11 £40,777 - £45,091 (Post-Progression)
Are you a nurturing social worker passionate about supporting parents so that children can remain with their birth family?     This could be the right Durham
Recuriter: Durham County Council

Administrative Officer

Durham County Council
Grade 4 £25,583 - £26,824
An exciting opportunity has arisen for a Administrative Officer to join our busy, friendly team, supporting Children and Young People’s Services. 1 x Spennymoor
Recuriter: Durham County Council

Lunchtime Play Worker

Durham County Council
£24,796 pro rata
Lunchtime Play Worker Grade 1 £24,796 pro rata Part Time - 6.25 hour per week, Monday – Friday
Recuriter: Durham County Council
Linkedin Banner