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LGYH launch an asset liquidity model

The public sector is under unprecedented pressure to operate more efficiently if the impact of cuts in public sector spending on front line services are to be minimised.

Local Government Yorkshire and Humber in conjunction with PwC, has considered how to get more value from capital spending and asset use by reviewing a number of case studies across the region. This study was initiated as a pro-active step to consider, in a practical sense, how local authorities in Yorkshire and Humber might be better able to mitigate some of the impacts that will arise from reductions to future capital budgets and generally enhance the ability of authorities to raise and control their own finances, with less dependence on National Government.

The work has highlighted the potential to secure greater capital spending impact via:

• Extracting greater value from surplus assets;
• Tackling “cultural” barriers to gaining greater value from assets and capital; and
• Changing central government constraints.

The report sets out a specific proposal for an approach to extract greater value from “surplus” local government assets in Yorkshire and Humber.

Capital Gains - An asset liquidity model to increase local government investment capacity

LGYH: 1st Floor, 19 King Street, Wakefield, WF1 2SQ Telephone: 01924 200 262 email: mail@lgyh.gov.uk

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