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Asset Management

National Asset Register

In the 2004 Spending Review, the Chancellor asked Sir Michael Lyons to conduct a study into the management of public sector assets and how the current asset management regime might be improved to secure further efficiency savings and achieve the Government's objective of £30 billion of asset sales by 2010.

In December 2004 Sir Michael published his findings and recommendations in his report "Towards Better Management of Public Sector Assets- A Report to the Chancellor of the Exchequer".

Sir Michael confirmed that the Government's objective of £30 billion of asset sales was challenging but achievable. He also noted that a key component of asset management is to take a strategic view of which assets are best retained and efficiently exploited, as well as to identify those which should be disposed of to generate resources for reinvestment.

The wider markets initiative is a key part of better asset management.

The National Asset Register is a vital part of the Government’s drive to improve efficiency in the public sector, enabling more informed decisions about the holding, acquisition and disposal of assets. The Register helps departments to make the best use of everything they own, and to judge whether assets are still needed.

The National Asset Register 1997
The National Asset Register 2001

Data & Information

The Reuse of Public Sector Information

On 1 July 2005 the Reuse of Public Sector Information Regulations (SI 2005 No 1515) came into effect. The Regulations place obligations on public sector bodies when they allow the reuse of information they hold. The impetus behind the legislation arose from the recognition that public sector information is a valuable information resource that could be used by the private sector to develop value added products and services.

The Regulations are based on the principles of fairness, transparency, non-discrimination and consistency of application. Some information falls outside the scope of the Regulations and a charge made be made for re-use of information. A guide to the Regulations and other information may be found on the Office of Public Sector Information website.

There is a link between the Freedom of Information (FOI) legislation and the Regulations. In essence, the Regulations do not change access provisions but rather provide a framework for re-use of information once access to it has been provided under FOI or other enabling legislation. Public sector information can be made available via the Publication Scheme that every public authority is required to produce under FOI legislation.

Information Asset Register

OPSI (Office of Public Sector Information) via “inforoute” provides direct access to the Government’s Information Asset Register (IAR). The IAR lists information resources held by the UK Government, concentrating on unpublished resources. In doing so it enables users to identify, from one single source, the information held in a wide variety of government departments, agencies and other organisations.

inforoute is a key part of the Government’s agenda for freeing up access to official information.

 

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