Laura Sharman 17 February 2015

Maude backs public sector asset management company

The UK’s first ever single asset management company for the public sector has been set up in the West Midlands.

The new company will allow the six member organisations – which include Redditch Borough Council, Worcester City Council and Worcestershire County Council – to maximise value from property and land assets.

The model will create a new commercial company owned by the public sector rather than the traditional shared services model. This will allow the organisations to find new ways of generating revenue, boost regional economic growth and deliver savings of £58m by 2025.

Minister for the Cabinet Office Francis Maude gave the model his backing. He said: ‘The One Public Estate programme shows what can be done when central and local government work together. I hope other public sector bodies will learn from this ground breaking approach in the West Midlands which will help deliver better services by working more collaboratively.’

The partnerships also includes Hereford & Worcester Fire and Rescue Service, Warwickshire Police and West Mercia Police.

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

Strategic Director, Corporate Services

City of Bradford MDC
c£162,000 per annum, more for an exceptional candidate
Bradford is at an extraordinary moment of transformation Bradford, West Yorkshire
Recuriter: City of Bradford MDC

Director of Human Resources

City of Bradford MDC
£119,466 - £131,207
Bradford is at an extraordinary moment of transformation Bradford, West Yorkshire
Recuriter: City of Bradford MDC

Director of Resources (Section 151 Officer)

North Kesteven District Council
£109,668 – £117,623
Create the conditions for long-term prosperity
Recuriter: North Kesteven District Council

Director of Libraries, Sport and Physical Activity & Communities

Glasgow Life
£102,894.01 - £116,854.38 per year
Our teams focus on making a real difference through culture and sport in Glasgow. Glasgow, Glasgow City
Recuriter: Glasgow Life
Linkedin Banner