Issue - meetings

Asset Management Strategy Refresh

Meeting: 28/01/2026 - Growth and Development Scrutiny Group (Item 7)

7 Asset Management Strategy Refresh pdf icon PDF 176 KB

Report of the Director for Development and Economic Growth

Additional documents:

Minutes:

The Chair introduced the item, noting it had been taken by this Group following workload pressures in the Corporate Governance Group. The Chair advised that scrutiny should focus on whether the Strategy provides a suitable framework for effective economic management and that discussion should be about process and approach rather than detailed local issues.

 

The Chair referenced questions submitted by Vice Chair, Councillor Way, regarding assets located outside the Borough (Castle Donington and Coalville) and stated these were considered sound investments and this was a matter of public record. The Chair also noted that questions relating specifically to East Leake would be more appropriately addressed separately and that officers were attending an East Leake Parish meeting the following day (29th January 2026).

 

The Director of Development and Economic Growth presented the refreshed Asset Management Strategy and Plan, explaining it replaces the 2020–2025 version and aligns with the Council’s Corporate Strategy. The Director outlined that work had been undertaken across the authority to ensure service delivery needs are central to the building estate and to support wider economic outcomes, including town and village centre masterplanning.

 

The Director summarised achievements from the 2020–2025 period, including disposal of surplus land, acquisition of offsetting land for carbon commitments, delivery and performance of Rushcliffe Oaks Crematorium, and projects including Bingham Arena, the Bingham Enterprise Centre and regeneration work at Cotgrave.

 

Key changes in the refreshed Strategy and Plan were highlighted.
Inclusion of work relating to local government reorganisation (LGR) and associated preparatory activity; updated terms of reference for the Asset Investment Group reflecting a shift from revenue-return acquisitions to consideration of new opportunities; refreshed carbon management content in support of the Council’s carbon neutral commitment.

 

Councillor Calvert sought clarification regarding the relationship between the Strategy, Plan and the Action Plan, and whether Members were commenting formally on the Action Plan. The Director advised that Cabinet approval relates to the Strategy and Plan, and the Action Plan is a live document that will change over time as prioritise evolve and actions are delivered, though Members were welcome to comment on it.

 

Councillor Calvert asked what preparatory LGR work was being started now. The Director advised a checklist had been received from MHCLG and current work involves preparing and sharing information (e.g., asset base and contracts) with partner councils, with more detailed work dependent on Government decisions expected later in the year. CouncillorCombellack noted that the Council was planning ahead in case LGR progressed as expected.

 

Councillor Ellis asked about measuring progress towards the Council’s 2030 Net Zero target. Councillor Ellis raised his concerns with this target and its economic impact. The Director advised monitoring is undertaken, led by the relevant officer, and updates are reported through appropriate channels; further discussion could be taken as part of the carbon management strategy item at the relevant scrutiny group, an update of the Carbon Management Plan is currently scheduled for 2nd April 2026 at the Communities Scrutiny Group.

 

Councillor Chaplain asked about the £4.8million capital allocation for  ...  view the full minutes text for item 7