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National Asset Register

I have today laid before Parliament an updated National Asset Register. A decade on from its first publication, this revised and updated edition highlights the Government’s commitment to transparency, accountability and good asset management. The register includes information on over 370 different Government bodies, is the most comprehensive list of central Government assets and maintains the UK’s position at the forefront of international best practice in public sector asset management. The past decade has seen substantial growth in public sector investment. In the comprehensive spending review we are seeking to improve asset management practice within the public sector and the National Asset Register is a key tool in helping to achieve this. By providing a clear and comprehensive picture of the current asset base, it will encourage Departments to make the best possible use of the assets they own and to make better informed decisions over future acquisitions and disposals. The improvement of asset management practices will enhance the efficiency and effectiveness of the UK public sector.