Context
The maintenance of the FCDO's 6,000 properties is estimated at £250 million annually. Recent funding has come from asset sales with receipts running out this year or next.
Question
The maintenance and upkeep of the 6,000 properties that constitute the Foreign, Commonwealth and Development Office’s overseas estate costs £250 million a year. Funding from the sale of assets is due to run out soon and there is no more to sell. What conversations have been had with the Treasury about a long-term sustainable funding model for the estate, and if the Treasury does not provide money, what cuts will be made?
After the fire sale of assets by the former Government in 2010, the FCDO has been focusing on how to make good its estate. Now that funding from those sales is exhausted, the FCDO has developed a new estates prioritisation tool to ensure that finite resources are targeted at places of greatest need and weighted towards mitigating health and safety and security risks.
Not addressed: Details of conversations with Treasury on funding models and specific cuts if no additional funding is provided
How: Shifting Focus To Prioritisation Tool
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