It is unclear how the government will meet its target for property disposals, given the past struggles of such programmes and current market uncertainty. The new government property strategy has set a target for disposing of surplus property, to generate £1.5 billion by 2025 that can be reinvested into the estate. Detailed plans have not been published about how it will achieve this target. In our report on the last disposals programme, many departments were significantly behind their targets...
It is unclear how the government will meet its target for property disposals, given the past struggles of such programmes and current market uncertainty. The new government property strategy has set a target for disposing of surplus property, to generate £1.5 billion by 2025 that can be reinvested into the estate. Detailed plans have not been published about how it will achieve this target. In our report on the last disposals programme, many departments were significantly behind their targets for land disposals. This time, the Cabinet Office needs to ensure that the departments with the largest land holdings fully participate in the disposals Type: conclusion | Number: 6 | Response status: under_consideration Government response: The government notes the Committee’s conclusion. The NAO confirmed the overall success of the 2018 Government Estate Strategy in unlocking savings and efficiencies. These included the overall reduction in size of estate since 2010 by 30%, with annual running