Tamworth Borough Council has approved a new strategy for managing its property portfolio, with plans to reinvest proceeds from selected asset sales into the borough’s heritage, leisure and community buildings.

The Strategic Asset Management Plan was approved by cabinet on 30 April 2026 following an independent review carried out by property consultants Arcadis.

The plan sets out a long-term approach for managing the council’s portfolio of around 200 buildings and land assets, with a focus on prioritising investment in properties considered most important to local communities.

According to the review, the council's current repairs budget is sufficient to cover essential maintenance and health and safety requirements but does not provide enough funding for wider proactive investment or long-term improvements.

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To help address this, cabinet has agreed in principle to dispose of a limited number of properties over time where selling them would deliver greater financial value than retaining them. Funds generated through sales would then be reinvested into key heritage, leisure and community facilities across the borough.

The council said five commercial and community organisations currently renting council-owned premises have already expressed interest in purchasing the properties they occupy, with legal discussions now under way.

"This plan is about making clear, long-term decisions for Tamworth," said Councillor Nova Arkney, portfolio holder for infrastructure and local economy. "The best way for community groups or commercial tenants to secure additional grant funding to make improvements to their premises and invest in them for the long term, is to own them.

"We've looked hard at every building and piece of land we own and asked a straightforward question: where can we generate the most value for Tamworth? For some properties, the answer is to sell and reinvest the proceeds. For others the answer is to protect and invest in them for the long term.

"The money from any sales will go directly into the buildings and spaces our communities rely on every day. This is about making smarter choices so that we can do more for the borough."

The council confirmed that town centre retail holdings, including properties linked to the Ankerside area, are not included in the programme. Those assets will be retained while wider regeneration plans for the town centre continue to be developed.