Asset Sharing Principles

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report emphasizes the importance of asset sharing among public sector organizations to enhance efficiency and address budgetary pressures [3][4] - It outlines four high-level principles for effective asset sharing, which include a place-based approach, a collaborative approach, maximizing the use of existing assets, and sharing costs [5][7][13][22][28] Summary by Relevant Sections 1. Place-Based Approach - A place-based approach should be adopted to ensure the right assets are utilized in appropriate locations [7] - Investment in public infrastructure can enhance local areas and attract private investment, promoting better outcomes for communities [8] 2. Collaborative Approach - A collaborative approach is essential for identifying objectives and co-producing business cases [13] - Organizations should work together throughout the asset sharing process, from initial ideas to operational delivery [14][15] 3. Maximizing Use of Existing Assets - The principle of maximizing existing assets is prioritized, with a focus on sharing before considering new assets [22][25] - The Scottish Government's Infrastructure Investment Plan encourages the use of existing assets to improve service delivery and achieve broader outcomes [23][26] 4. Sharing Costs - Organizations should agree on a fair and transparent approach to share the costs associated with asset usage [28] - The report suggests three sub-principles for cost-sharing: no profit or loss from sharing, sharing running costs, and sharing future costs [28][35][37] 5. Strategic and Integrated Approach - Asset sharing promotes a more strategic and integrated use of public sector assets, potentially reducing overall asset bases and costs [42] - Surplus assets can be redeveloped to meet various policy objectives, enhancing community benefits [43][44]