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With new versions of both the CIPFA Prudential and Treasury Management Codes published in December 2017, now is the right time to look at what the future holds for local authority capital planning and investment planning.
This event we will take you through these very important changes, setting out how you might need to adapt your thinking, processes and planning to adhere to the new capital and investment regime.
22 February 2018Starts: 10:00Ends: 15:30
Stirling Highland HotelSpittal StreetStirlingFK8 1DU[See map]
£375.00 excl VAT
£250.00 excl VAT
Although much attention related to these Codes has been around the impact on local government commercial property acquisition activities there is much more to the revised codes than just the acquisition of commercial investment property. For example the capital strategy requirements in the Codes cover all aspects of capital planning relating to property assets, including maintenance strategies, property redevelopment etc, and any associated borrowing.
So what does all this mean for both capital strategies and investment strategies moving forward? And what might a ‘good’ capital strategy and investment strategy look like? Whatever the answer to these questions, one thing for certain is that there will be significant implications for those involved in strategic asset management in local authorities, wherever you are in the UK.
The publication A Guide to Asset Management and Capital Planning in Local Authorities stressed the need to link asset strategy with capital strategy. Although the document is now ten years old the principles are still very relevant and are reinforced in the new versions of the Prudential and Treasury Management Code.
Now is a good time to challenge whether your organisation truly carries out capital planning and prepare for the changes that the release of updated Codes will mean. Don’t forget any changes are effective from April 2018! This event we will take you through these very important changes, setting out how you might need to adapt your thinking, processes and planning to adhere to the new capital and investment regime.
We will also include a suggested approach for a risk based property investment strategy, whether you already own or are in the process of acquiring new yield bearing property investments, or even if you are getting involved in yield bearing property related regeneration schemes.
As usual, the morning will start with our update which will explore what is happening in some of the key areas affecting strategic management of property assets, including the recommendations from the Education and Skills Committee School infrastructure Inquiry, the updated Core Facts documents and much much more.
This event is for anyone involved either directly or indirectly in strategic issues affecting local government, and in particular the strategic management of property assets, and who wishes to:
This might include strategic delivery managers, strategic property managers and asset managers, strategic and capital finance managers, corporate policy and performance managers, and anyone involved in the strategic management of property assets.