To consider endorsement of the draft South and East Lincolnshire Councils Partnership Asset Management Strategy 2023 – 2028 and to recommend it to Council for adoption.

That the draft South and East Lincolnshire Councils Partnership Asset Management Strategy 2023 – 2028 attached at Appendix 1 be endorsed and recommended to Council for adoption.

In his introduction to the report the Portfolio Holder for Finance referred to each member of the South and East Lincolnshire Council Partnership (SELCP) being responsible for delivering a wide range of public services with each playing a key role in community leadership and setting out their priorities within their respective Corporate Plans.

The report detailed the requirement for a clear framework for understanding the ‘value’ and condition of land and property, to ensure the maximum value from the respective general fund asset portfolios.  It was noted that the size and diversity of each Council’s Portfolio varied significantly due to pressures on finances and adopting a realistic view on retention and disposal, assets must be considered strategically in line with each Council’s priorities and resources.

Appendix 1 to the report detailed a draft South and East Lincolnshire Councils Partnership Asset Management Strategy 2023 – 2028 updated to include all comments made by each Council’s respective scrutiny body.

During discussion Members supported the recommendations.

RESOLVED

That the draft South and East Lincolnshire Councils Partnership Asset Management Strategy 2023 – 2028 attached at Appendix 1 be endorsed and recommended to Council for adoption.

Reason:

Developing and adopting a partnership wide Asset Strategy is a key action prescribed in the Partnership’s 2022/23 work plan.  The draft at Appendix 1, with a very minor amendment included as a consequence of scrutiny at Boston, was referred to Executive Board by Overview on 24 January 2023. 

Other options:

None.