Asset management plan: guidance and model

Maintained schools should have an asset management plan. Use our template to help create yours and track upcoming projects.

Last reviewed on 30 April 2024
School types: AllSchool phases: AllRef: 41625
Contents
  1. You should have an asset management plan 
  2. Use our template to form your own plan
  3. See an example asset management policy

You should have an asset management plan 

Maintained schools must complete the Schools Financial Value Standards (SFVS) assessment form once a year. 

Question 24 asks: 'Does the school maintain its premises and other assets to an adequate standard and make best use of capital monies for this purpose?'

The corresponding SFVS checklist guidance explains that all schools should have an asset management plan, and should develop a process to help them prioritise work appropriately.

Use our template to form your own plan

Download our model asset management plan and record your school's objectives alongside your development plan for minor and major works. Tailor the highlighted text in the template to suit your school. 

KeyDoc: asset management plan

You can also download our template asset register, with advice on completing one.

Some schools set out their plans for developing and managing the school premises in a premises development plan. Take a look at our premises development plan template.

See an example asset management policy

St Aidan’s Voluntary Controlled (VC) Primary School in Haringey has an asset management policy. The purpose of this policy is to set out clear procedures for the maintenance of the school inventory.