Our highway infrastructure network is the most valuable publicly owned asset managed and maintained by the Council. Our Asset Management policy and strategy is in line with both the council plan and the council’s vision to make sure we are spending public funds as wisely as we can to ensure a safe, sustainable and accessible network for all users.
The main elements of our highway infrastructure consists of:
By adopting Asset Management principles, this demonstrates our commitment to maintaining these assets in the most effective way, ensuring they are repaired as quickly and safely as possible.
If they are not maintained at the right time in their lifecycle using the right treatments, the risks to highway users increases as does the cost of the repairs. We will be developing the use of Asset Management principles as a means of delivering better outcomes for our customers and maximise value for money.
There are a number of Asset Management definitions and the following was provided by the County Surveyor Society/Technical Advisory Group:
"Asset Management is a strategic approach that identifies the optimal allocation of resources for the management, operation, preservation and enhancement of the highway infrastructure, to meet the needs of current and future customers."
We are now in the process of reviewing our Asset Management Plan and this will be aligned to our recently approved Policy and Strategy. Documents for this include:
In December 2014, the Secretary of State for Transport announced that £6 billion will be made available between 2015/16 and 2020/21 for local highways maintenance capital funding. Since then, they have also announced in November 2015 a further £250 million for a dedicated Pothole Action Fund. From this funding, £578 million has been set aside for an Incentive Fund scheme, to reward councils who can demonstrate they are delivering value for money in carrying out cost-effective improvements and further efficiency measures are being pursued.
Each local highway authority in England, outside of London, has been invited to complete a self-assessment questionnaire, to work out the share of the Incentive Fund they will be eligible for in 2016/17.
We completed a dry run in July 2015 and placed ourselves in Band 2, in that we could demonstrate that we supported the implementation of sound asset management principles in key areas of our work, which would lead towards improvement. Our final assessment shows we have maintained a Band 2 scoring.
Further information on this process can be found at on the Government's highways maintenance funding incentive page.