2018 Report details for project: Defence Estate Optimisation

Project name: Defence Estate Optimisation - there are 2 reports for this project: 2018, 2019
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Organisation: MOD (D17) - see all reports for this organisation
Report year: 2018 (data is from Sept 2017)
Category: Military - see all reports for this category
Description: The main aims of the programme are to: • Create a smaller, better estate delivering required Military Capability • Contribute to the defence target of a 30% reduction in the MOD Built Estate by 2040 • Deliver £4.0bn of capital receipts by 2040. This will be achieved by disposing of 91 sites, this will in many cases involve working with TLBs and FLCs to optimise estate usage, move capabilities and re-provision infrastructure where necessary. • Contribute towards Public sector land release and the MOD target to release sufficient land to deliver 55,000 potential housing units in this Parliament. • Contribution to MOD running costs savings totalling over £4Bn by 2040.
DCA (RAG): Amber/Red
DCA text: Focus this quarter has been on initiating arrangements for regular challenge, assurance and support between programme and sub-programme SROs and increasing the maturity of programme management and identifying emerging risks at programme level.
Start date: 2016-09-30
End date: 2041-03-31
Schedule text:
Baseline: £0.00m
Forecast: £0.00m
Variance: 0.00%
Variance text: Budget variance less than 5%
Whole Life Cost: £0.00m
WLCost text: Until assessment studies are complete the total predicted costs and benefits for each of the sub-programmes remains materially uncertain. As assessment studies complete, funding sources are identified, and budgets are agreed with the sub-programme SROs, confidence in the financial position and delivery of benefits will improve. However, this is also set against a broader context of inflationary pressure as a result of Brexit, amongst other things, which could have an impact on the costs of raising finance whilst also potentially depressing realisable land values and stoking cost inflation. The programme is in the midst of a baseline verification exercise that will update forecasts for these various externalities.
Sourcefile: IPA_2018.csv

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