Ownership of public assets should be transferred to community groups, think tank ResPublica has said
In a new reported, called To Buy, To Bid, To Build: Community Rights for an Asset Owning Democracy, it said that letting communities buy assets such as libraries, swimming pools and village halls would improve public …

Aberdeen City Council has agreed to set up a city development company into which it will transfer publicly-owned assets for redevelopment.
Last night, councillors on the enterprise, planning and infrastructure committee voted in favour of the project to create a development company called One Aberdeen, despite concerns from members of the …

Glasgow City Council has today started a body to stimulate private sector growth and has recruited former council regeneration director Steve Inch to lead its infrastructure work.
The council has recruited a panel of private and public sector business and economic development leaders to run the commission, which will look …

This week, 1,300 professionals in the public and private sector gathered to talk about sweating publicly owned assets and financing regeneration.
They were attending the inaugural Public Property Summit in London on 1 and 2 November.
To see photos from the event and get a flavour of the atmosphere, take a look …

Defence Estates, the Ministry of Defence’s property arm, will take a more centralised and strategic approach to its property following a government review being conducted by Lord Levene.
Levene was commissioned by the government to carry out a defence reform review, looking at how to make the MoD more efficient.
Speaking at …

The Greater London Assembly has today demanded “urgent clarification” following reports that the London Development Agency was set to lose its £156m non-Olympics budget in the next financial year.
Len Duvall, the chair of the London Assembly’s economic development, culture, sport and tourism committee has written to the mayor’s economic development …

The government will add £500m to the planned Regional Growth Fund designed to stimulate private sector projects, topping up the pot to £1.5bn over the next three years.
Chancellor George Osborne began detailing cuts to individual departments’ budgets today, saying overall cuts would be 19% rather than the anticipated 25%.
He said …

Tony Reeves, chief executive of Bradford City Council, explains how today’s Comprehensive Spending Review will affect his city, including job cuts of up to 3,000 and £1bn being taken out of the local economy.
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Bradford City Council has 20,000 employees. We can expect to have 3,000 fewer by the end of …

The government has today confirmed plans to introduce two property vehicles to own and manage its office estate, one in central London and one in Bristol.
As revealed by Public Property UK last week, the government wants to explore ways of better asset managing its offices in order to find savings.
It …

Ian Ellis, exec chairman of property outsourcing giant Telereal Trillium, explains how the Comprehensive Spending Review will affect his company, including an anticipate 20% drop in profits from the public sector side of its business.
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There is no way you can have an order book shrunk and not have a drop …