C2C presentation Andy Pack


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C2C presentation Andy Pack

  1. 1. Funding Tools Andy Pack GVA Financial Consulting 15 th December 2011 gva.co.uk Coast to Capital LEP
  2. 2. <ul><li>Andy is a Director with GVA Financial Consulting </li></ul><ul><li>Expert in public sector advisory with particular specialism in structured solutions with public bodies with in excess of 15 years experience </li></ul><ul><li>Key areas of expertise </li></ul><ul><li>Asset portfolio review </li></ul><ul><li>Local Government Finance </li></ul><ul><li>Efficiency </li></ul><ul><li>Structured solutions </li></ul><ul><li>Strategic Advice / Governance </li></ul><ul><li>Regeneration </li></ul><ul><li>Organisational Design </li></ul>Andy Pack Director 07808 482750 [email_address] Who Are We GVA are the leading property advisors to the public sector. We are a market leading team of specialist financial, property, economic and strategic advisers, providing bespoke advice across all aspects of the built environment including infrastructure and innovative approaches to funding and development
  3. 3. Finance Toolkit <ul><li>Sources of Funding </li></ul><ul><li>Repayment of Funds </li></ul><ul><li>Joint Venture Mechanisms </li></ul><ul><li>Revolve – An Integrated Approach </li></ul>Agenda
  4. 4. Sources of funds <ul><li>Public Sector </li></ul><ul><li>Prudential Borrowing </li></ul><ul><ul><li>Public Works Loan Board (PWLB) </li></ul></ul><ul><ul><li>Municipal Bonds </li></ul></ul><ul><ul><li>Sale/Lease and Leaseback </li></ul></ul><ul><li>Municipal Infrastructure Bank </li></ul><ul><li>Capital Disposals (sale/lease and leaseback) </li></ul><ul><li>Private Sector </li></ul><ul><li>Private Sector Infrastructure Investment Funds </li></ul><ul><li>Private Sector, Opportunistic, Private Equity, Pension Funds, Sovereign Wealth Funds </li></ul><ul><li>Banks </li></ul>
  5. 5. Sources of funds <ul><li>Public/Private Sector </li></ul><ul><li>Joint European Support for Sustainable Investment in City Areas (JESSICA) </li></ul><ul><li>Growing Places Fund </li></ul><ul><li>Regional Growth Fund </li></ul><ul><li>Green Investment Bank </li></ul>
  6. 6. Repayment of Funds <ul><li>Tax Increment Finance (TIF) </li></ul><ul><li>Localisation of Business Rates </li></ul><ul><li>Community Infrastructure Levy (CIL) </li></ul><ul><li>Business Improvement Districts (BID’S) </li></ul><ul><li>Charge over Land mechanism (CLM) </li></ul><ul><li>Loan Guarantees </li></ul><ul><li>New Homes Bonus </li></ul><ul><li>Enterprise Zone funding – Business Rates subsidy / Ability to capture future business rates </li></ul>
  7. 7. Joint Venture Mechanisms/Other <ul><li>Joint Venture Development Vehicles </li></ul><ul><ul><li>Local Asset Backed Vehicle (LABV) </li></ul></ul><ul><li>Local Authority Asset Backed Joint Venture investment partner </li></ul><ul><li>Public Sector Partnership </li></ul><ul><li>Operational Joint Venture </li></ul><ul><li>Local Authority Development Company </li></ul>
  8. 8. An Integrated Approach… Revolve
  9. 9. Conclusion <ul><li>Change in the financial markets / collapse of the traditional models have caused more innovative thinking </li></ul><ul><li>Smaller projects have continued to be funded by banks </li></ul><ul><li>But integrated solution needed for large scale projects / programmes to knit together </li></ul><ul><ul><li>Income streams </li></ul></ul><ul><ul><li>Value of assets </li></ul></ul><ul><ul><li>Borrowing powers </li></ul></ul><ul><ul><li>Council as developer / partner </li></ul></ul><ul><ul><li>Use powers </li></ul></ul><ul><li>Public sector partnerships are key </li></ul><ul><ul><li>LG </li></ul></ul><ul><ul><li>Health </li></ul></ul><ul><ul><li>LEP </li></ul></ul><ul><ul><li>Police </li></ul></ul><ul><ul><li>Fire </li></ul></ul><ul><ul><li>Others </li></ul></ul>