Government further cuts down estate
Wed 16th January 2019, 9:50 am
The UK government has claimed to have further cut its estate by nearly 160,000sq m in the 2017/18 financial year, generating £750 million from the sale of nearly 400 sites.
It says it has achieved this by using assets more efficiently, and combining departments in hubs. Over the past three years, site sales have totaled up to £2.4 billion.
The largest arms of government, including the Department of Business, Energy and Innovation, Department of Justice and HMRC made the biggest reductions in floor space, cutting 8%, 5% and 2% respectively.
To the end of the financial year covered in the report, the government said it has saved £760 million on property running costs since 2010.
Cabinet Office minister, Oliver Dowden, said: ”Transforming the government estate to make it operate more efficiently and save taxpayers money is clearly something to be very proud of.
“This work has seen the disposal of a large number of properties that were no longer needed by the government. And in many areas, these have been replaced by new offices across the country, enabling smarter working practices and are accessible to the communities they serve.”
Government agencies including the Ministry of Justice and LocatED will attend Sitematch London on 7 February. To secure your place, contact Jake Westhead on 020 7978 6840.