Purpose

Cabinet to approve the Future Assets Strategy 2024--29

Decision

·       Cabinet approved and adopted the Asset Management Strategy (AMS) covering the period 2024/25 to 2028/29 and the Year One Action Plan included within the Strategy at Appendix 1 of the submitted report.

·       Cabinet approved an implementation budget for the Year One Action Plan of the AMS up to £1m to be funded from the One Hounslow Place earmarked reserve, to provide the resources required to deliver the Year One Action Plan as detailed within paragraphs 4.1 - 4.4 of the submitted report.

·       Cabinet delegated authority to the Executive Director for Regeneration Housing and Environment in consultation with the Lead Member for Regeneration and Development to implement the Strategy and take actions necessary to deliver the Year One Action Plan, including the procurement of professional advisors and associated specialist services.