Set up by the Department for Education in March 2017, LocatED is a limited company and arm’s-length body, wholly owned and funded by the Secretary of State for Education. It is non-profit making. We have 60 employees in a multidisciplinary team with specialist skills, qualifications and extensive property sector experience.
As well as buying sites for free schools and colleges, we deliver complex mixed-use developments, sell surplus sites at the best possible value, and diligently manage a portfolio of held assets to generate income and savings and also find uses that support the work of SMEs.
We apply our substantial commercial property expertise to support and advise the Department for Education on its long-term strategy for an efficient education estate. We also empower England’s schools, colleges and other responsible bodies to self-fund building improvements and release land for housing in areas of high need.
While our primary focus remains delivering an efficient education estate, we also use our experience to benefit other government departments, since the wider public estate faces some of the same challenges and needs to achieve the best value for the taxpayer.
Leading partnerships with the wider property profession, across the government and other agencies, we contribute to cross-departmental aims for the public estate: the levelling up agenda, the provision of housing, and green energy initiatives. And we leverage these relationships to drive better inclusion in the property sector, to improve pathways into the profession and progression for under-represented groups.
Also important to us is how we achieve these targets, as we support government’s climate change and sustainability strategies, become a sector exemplar for our wide-ranging work on diversity and inclusion, and contribute positively to the communities in which we work.
Our performance to date since 2017 company launch includes:
• 213 site acquisitions
• 5 mixed-use development projects in progress, 1 completed
• 265 assets managed in a moving portfolio
• 979 advice commissions received
• 116,527 school places delivered for the future
Why LocatED is supporting Boardroom Apprentice
We work with many partner organisations to ensure that the profession better represents the communities it serves (property is everywhere!) by creating opportunities for all to get involved, regardless of background. This lack of diversity is also present in the property support functions and also the NED cohorts we see – as such, we want to use the scheme to be able to provide ALL property and built environment professionals across the piece, perhaps at an earlier stage in their careers, and who are in inspired to get involved in boards to make a difference and bring diversity of thought, the opportunity to participate in what we are delivering.
Location of Board and Committee Meetings
London
Frequency and timing of board/committee meetings
8 Board meetings per year (excluding February, June and August)
Meetings take place during the day between 13:30-16:30 running for up to three hours
3 Remcom meetings per year (April, May and October/November)
Meetings usually take place between 11:00-12:30 running for approx. 90 mins
3 Audit committee meetings per year (March, July and October/November)
Meetings usually take place between 09:30-12:30 running for approx. 90 mins
1 Board strategy meeting per year (December)
Meeting usually takes place between 09:30-12:30 running for approx. 90 mins
Date of Board Meetings (January 2024 – December 2024)
These will be agreed at our September ’23 board meeting
Committee of the Boards and meeting dates (January 2024 – December 2024)
These will be agreed at our September ’23 board meeting
