This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Entrepreneurial property management solving council budget cuts

17 April 2018

Ashford Borough Council reports that adopting a corporate property management strategy is helping it to become self-sufficient in the face of continuing government cuts.

Elwick Place is part of Ashford Council's diverse property portfolio

It is continuing to operate more as a commercial organisation than a local authority, which it reports is helping to prepare for further funding reductions.

This will also help to manage its expanding asset portfolio, following the success of its asset acquisition strategy in recent years.

With FM service providers dealing with reduced demand from councils in many areas, the Ashford model could provide some welcome relief in Kent and other areas that follow the council's example.

The council is continuing in its aims to establish a corporate property portfolio to "contribute significantly" to its income and assist in funding other services within the Ashford area.

Its corporate property management framework was agreed at last week's cabinet meeting and will be reviewed in 12 months, then every three years.

Five key principles are included within the strategy, including the need to establish and maintain a shared central property asset database.

Safe and efficient data management is another key principle, along with a consistent and best-practice approach to property management.

Transparent and open decision making is another and the need for ongoing monitoring and review of the strategy to ensure it aligns with the council's corporate aims and objects is the fifth key principle.

Councillor Graham Galpin said progress towards the council's aim to be a commercial, self-sufficient organisation already included "significant returns" on its property portfolio investments.

It has also underwritten the cost of 80,000 sq ft of office space near Ashford International Station, due for completion this summer.

Portfolio holder for finance, budget and resource management Councillor Neil Shorter said the council's commercial approach was now creating income, reducing its reliance on government funding and helping it to set "the lowest council tax in Kent once again".


Print this page | E-mail this page

http://www.fsifm.com
PFM


MOST VIEWED...

View more articles
Article image

Drive to improve procurement practices continues to gather pace

Following calls to improve procurement processes in all areas following the collapse of Carillion last year, the Construction Industry Training Board (CITB...
Article image

Government urged to 'avoid Apprenticeship Levy mistakes' in T levels

Lack of awareness for the new T level qualifications has been highlighted by a recent survey conducted by manufacturers' association Make UK....
Article image

Early involvement of FMs called for in Soft Landings topic guide

Publication of its Soft Landings and Business-Focused Maintenance Topic Guide has been announced by BSRIA, designe...
Article image

Communication is essential for delivery of health and safety

Complying with legislative requirements in all areas of facilities is one of the overriding areas of concentration for all FMs and these are often regarded...
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

The rise of the specialist service provider

There is a big shake up going on across the facilities management (FM) market as clients recognise they need more engineering support to help them keep the...