6. Key ‘strategic imperatives’ for transformation: 4. Maximise the value of our assets
4. Maximise the value of our assets through commercial thinking with a focus on income generation, sustainability and developing local economies.
Fund finding – increased focus on external funding acquisition. Identifying and applying for and securing third party funding:
- HotSW LEP Growth Fund & ESFD/ERDF
- CCF, Habitat Mitigation
- DCC – transport infrastructure
Owner: Rob Murray Economic Development Manager
Timescale: On-going
Organisational review of essential user allowance and use of council vans/cars.
Owner: Karen Simpkin Strategic Lead
Timescale: 2017/18
Potential savings/value creation: £120k plus possible savings but needs to be researched with caveat that this is an issue of terms and conditions which will need to be negotiated with UNISON.
All renewal or new lease/rental arrangements to be subject to commercial valuation. Members will be required to consider a commercial price or to identify from where a subsidy can be secured.
Owner: Richard Cohen Deputy Chief Executive
Timescale: 2017/18
Potential savings/value creation: Potential savings are circa £50k.
Save on costs and generate revenue following combining of Property and Estates team to deliver asset and estate optimisation.
Owner: Richard Cohen/Property and Estates Manager
Timescale: 2017/18
Potential savings/value creation: Estimated savings initially considered to be £10k.
Review use of PV array on council assets.
Owner: Richard Cohen/Property and Estates Manager
Timescale: 2017/18
Potential savings/value creation: Review to be undertaken.
Provision of business units
Owner: Richard Cohen Deputy Chief Executive
Timescale: 2017/18
Potential savings/value creation: Further work required
Review CCTV provision – upfront £75k contribution.
Owner: Richard Cohen Deputy Chief Executive
Timescale: 2017/18
Potential savings/value creation: Discussions required with 3rd parties £25k.
Review of East Devon Business Centre with opportunities to reoccupy centre and restructure operation and usage and targeting SMEs.
Owner: Alison Hayward Economy and Regeneration Manager
Timescale: 2017/18
Potential savings/value creation: A target of £30k agreed.
Street Scene - 2nd Tranche of Beach Hut income.
Owner: Andrew Hancock Service Lead
Timescale: 2017/18
Potential savings/value creation: Additional Income of £35k.
Additional Beach Hut sites, East Walk, Seaton.
Owner: Andrew Hancock Service Lead
Timescale: 2017/18
Potential savings/value creation: Additional Income of £9k
Street Scene Event Income
Owner: Andrew Hancock Service Lead
Timescale: 2017/18
Potential savings/value creation: Building on existing success of charging for events which then help’s maintain these fantastic sites. Additional income £35k
Countryside & Leisure income generation – includes charges for Manor Pavilion Car Park
Owner: Charles Plowden Service Lead
Timescale: 2017/18
Potential savings/value creation: Additional Income of £40k
Asset Review
Owner: Asset Management Forum
2018/19 onwards
Potential savings/value creation: £500k has been set as an initial target for 2018/19 to 2020/21. A review is currently taking place to determine on assets that are strategic to the Council or possibly could be devolved or disposed of.
Review opportunities to develop a leasing arrangement for car parks with a private company or Town Councils for a set fee higher than current net income figures
Owner: Andrew Ennis Service Lead
Timescale: April 2018
Potential savings/value creation: Possibility for future review.
Review the benefits of creation of Countryside Trust or sale of assets to an existing Trust. Could be extended to include Parks and Gardens as part of the Green Space Strategy.
Owner: Charles Plowden Service Lead
Timescale: April 2018
Potential savings/value creation: Possibility for future review.
Develop the project pipeline of regeneration projects for the district to secure external funding, members’ commitment to timeline of intervention and corporate understanding of future funding opportunities and liabilities.
Owner: Alison Hayward Economy and Regeneration Manager
Timescale: On-going
Potential savings/value creation: Priority plan will help secure external investment.
Return on investment – ensure that regeneration opportunities include assessment of potential for capital receipt and or revenue streams.
Owner: Alison Hayward Economy and Regeneration Manager
Timescale: On-going
Potential savings/value creation: Future principles on project funding to be developed for capital or revenue income.
Review of Council's investment strategy particularly looking at property investment.
Owner: Simon Davey Strategic Lead
Timescale: 2017/18
Potential savings/value creation: Needs review as savings are not certain.