Asset Management Strategy
Our Asset Management Strategy sets the framework for managing our property portfolio effectively over the next 6 years (2024 to 2030) and will guide our future strategic property decisions to make sure we manage our property portfolio sustainably and efficiently so it can adapt to remain fit for the future and support frontline delivery.
The strategy is designed to align with our strategies, policies, and services to support the wider community. It provides a framework for managing owned, tenanted and leased assets, ensuring they are fit for purpose despite financial constraints. The strategy focuses on optimal and flexible use, sustainable maintenance, and futureproofing to meet short, medium, and long-term needs.
This new Asset Management Strategy comes at a critical time as the council faces significant financial pressures and aims to return to financial sustainability through the Securing Kent's Future plan. It is essential everyone understands that all property comes at a cost, including acquisition, day-to-day running costs, maintenance, and operational expenses. It ensures our assets deliver maximum value for residents, service users and staff by being strategically managed and efficiently utilised.
By implementing this strategy, we aim to optimise resource utilisation, reduce costs and promote sustainability, ensuring our assets support our mission and contribute to the overall success of our services.
Our property assets are an important part of supporting and enabling us to transform the way we deliver public services with our partners, and it is therefore essential we have an innovative and forward-thinking strategy in place.