REDESIGN – ASSET REVIEW – MOTION 57
At their NEC meeting in September 2019 the NEC unanimously endorsed a position on the Asset Review that is being undertaken as part of the Redesign Project.
Please find attached to this LTB a first report in line with the terms of Motion 57 carried at the Special Redesign Conference in November 2018.
Given that the review explores positions around the sale of a number of premises we have had to work around what are termed commercial sensitivities. Predominantly these are issues around how and when any properties or commercial businesses intended to be “put to market” i.e. to receive offers for, are worked through. Most but not all of these issues have now been worked through and we are now in a position to implement the decision of the NEC and to provide a first report to Branches in line with Motion 57.
As can be seen from the report ongoing work is still required particularly in relation to the future of 150 The Broadway and as all aspects of this programme develop further reports will be provided to Branches.
This attached report contains the financial information placed before and discussed by the NEC. The NEC reached in-principle decisions on asset sales and we have begun to put in place the necessary arrangements to secure offers. The attached document sets out this process and, as stated above, as substantial developments occur further reports will be made to Branches as we move through this review.
Equally as important however is the investment strategy that the sale of any assets would allow us to undertake, again the report outlines our approach to this and invites Branches to engage in developing ideas in this area.
This is an important position, the CWU stands at a cross roads, it can continue to operate as it does now with the assets it currently owns or it can decide to invest for the future by utilising these assets for the benefit of all.
The purpose of the Redesign project was to deliver a new, sustainable CWU that works for all and reaches out in new areas. The decisions taken by the NEC have been taken with that objective in mind and it is against that background that this report needs to be viewed.
Further reports on this issue will issued to Branches when developments occur.
Senior Deputy General Secretary