Asset Rationalisation to underpin the revised Medium-Term Financial Strategy

November 11, 2025 Corporate Policy and Resources Committee, Council (Committee) Key decision Approved View on council website

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Summary

...to agree on the principle of Asset Rationalisation, approve the procurement of a specialist advisor, and delegate authority for the appointment and contracting of advisors to implement an Asset Rationalisation Strategy to underpin the revised Medium-Term Financial Strategy.

Full council record
Content

The Committee resolved to:
 

1.    
Consider and agree the principle of Asset Rationalisation as set
out in the report and to recommend this to Council,
 

2.    
Approve the commencement of the procurement of a specialist advisor
through an appropriate framework,
 

3.    
Delegate authority to the Section 151 Officer and Group Head of
Assets, in consultation with the Leader and the Deputy Leader, the
Chairs of the Commercial Assets Sub-Committee and the Business,
Infrastructure and Growth Committee, to appoint the preferred
bidder from the above procurement to assist in the implementation
of an Asset Rationalisation Strategy; and
 

4.    
Delegate authority to the Group Head Corporate Governance to enter
into a contract with the proposed advisors.

Supporting Documents

asset rationalisation v3.1 002.pdf

Details

OutcomeRecommendations Approved
Decision date11 Nov 2025