On Friday 8 April 2016 One Public Estate (OPE) launched an expansion. It invites partnerships of councils to apply for support and up to £500k funding by putting forward ambitious and credible work programmes to be delivered in collaboration with other public sector partners in the area.
This opportunity is available for both new areas looking to join and existing OPE Phase three partnerships to expand their current OPE programmes.
For more information on the One Public Estate and how to apply, please see the prospectus.
Join the Open Day on Thursday 28th April to discuss your application. Please email email@example.com by Friday 22nd April to register your interest in attending.
A major plank of the Government’s investment strategy for the UK is its commitment to release the value of public sector assets, specifically land and property.
Local authorities in England hold £225 billion of assets, including over £60 billion in property not used for schools or housing (1). By using assets more effectively councils can create local economic growth, and deliver more integrated public services. Councils have already sold £10,641 billion land and property between 2010-2015 (2).
The Office for Budget Responsibility estimates local authority capital receipts to be £11.2 billion between 2015 – 2020 (3). A key outcome is the release of public sector land for housing. These pages give more information on how best a local authority can engage with its central government neighbours and partners.
(1) Source – Capital Expenditure and Receipts 2013-14 Summary, DCLG, March 2015.
(2) Source – Local Government Financial Statistics England 2015, No. 25 page 66, and Capital Payments & Receipts Live Tables CPR 1-4, for 2014/15 Outturn
(3) Source – OBR Economic & Fiscal Outlook Supplementary Fiscal Tables, Table 2.30 Sale of Fixed Assets. Figure is up to £19.5bn including HRA (RTB and other) sales.
To find out more, please visit: www.local.gov.uk/onepublicestate