December 19, 2018
Work to reduce the UK government estate has seen its size fall by 156,000 square metres over the past year. This makes the estate a third smaller than it was in 2010 – creating a saving in real terms of £760 million in running costs, according to the Government. Today’s State of the Estate report also claims that a further £750 million in capital receipts has been generated this year from the sale of over 400 sites, delivering a total of £2.4bn in capital receipts over the past three years. At the same time, vacant space across the government estate is just 1.4 percent, which is significantly lower than in the private sector, according to the report.