Tynwald has backed, in principle, the creation of a new Statutory Board to own and manage the government’s land and property portfolio.
The Treasury intends to bring further detail back to Tynwald before July.
The government currently holds more than 1,800 assets valued at around £1.37 billion, but ownership and management are spread across departments.
Government say this fragmented approach is no longer sustainable and that a single, strategic body would improve efficiency, consistency and transparency.
The proposed board would take responsibility for planning, maintenance, development, leasing and protection of the public estate, creating a clear point of accountability and allowing departments to focus on their core functions.
A new Tiered Framework would define how responsibilities are shared, ranging from fully centralised management of offices and commercial property to departmental control of specialist assets such as the prison and airport runway.
Treasury Minister Chris Thomas MHK said the vote marked “the beginning of the transition to a more strategic and professionally managed public estate”, noting Members’ calls for more clarity on costs and resources.
Further engagement with Tynwald Members and affected bodies will continue as the proposals are refined.
