2019 Report details for project: 16/17 New Property Model Programme

Project name: 16/17 New Property Model Programme - there are 3 reports for this project: 2017, 2018, 2019
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Organisation: CO (D2) - see all reports for this organisation
Report year: 2019 (data is from Sept 2018)
Category: Transformation - see all reports for this category
Description: Creation of the Government Property Agency (GPA), part of the 'new property model' for Government. Arising from the need to manage assets more commercially and strategically, reducing costs through efficient use of assets with a cross Government perspective, including: *Incentivising the efficient use of land and property assets *Introducing market rent charges *Providing extra support to departments to help them implement agreed portfolio strategies
DCA (RAG): Amber
DCA text: The New Property Model (NPM) has undergone a thorough review since the Q2 return, which recommended that the programme is removed from the GMPP framework and that NPM programme is now recognised as the Government Property Agency in a Business as Usual (BAU) state.
Start date: 2015-04-01
End date: 2021-04-01
Schedule text: The New Property Model (NPM) has undergone a thorough review since the Q2 return, which recommended that the programme is removed from the GMPP framework ahead of the original programme end date. As the NPM programme is now recognised as the GPA in a business as usual state the schedule outlined in the NPM business case is no longer relevant.
Baseline: £7.00m
Forecast: £7.00m
Variance: 0.00%
Variance text: Budget variance less than 5%
Whole Life Cost: £270.74m
WLCost text: The whole life costs for the New Property Model programme have not varied from the original business case model. The Government Property Agency, which has been set up through the NPM programme, is expected to be self-financing from April 2020.
Notes1: 1617 New Property Model Programme
Notes2:
Sourcefile: None

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.