How can we pay for public buildings in this age of scarce public finances? The Government spending reviews that cut the size of the public sector are also hampering its ability to fund capital projects. There is uncertainty, and a temptation to batten down the hatches. If you are a local authority or public body, is there any other choice but to do nothing or simply sell land to the highest bidder?
Our building stock is still in poor health in many areas, and despite investment through the last decade in schools and hospitals, there’s a need for more. Often housed in declining Victorian and Edwardian buildings, our libraries, sports centres, fire stations, town halls and so on all need help. Local authorities can be forgiven for wondering what they are supposed to do to answer the demands of citizens for continued improvement.
If it is to remain relevant and viable, the development community must come up with more creative answers to these questions. And if towns and cities are to avoid stagnation, the public sector too must question its assumptions about how partnership with the private sector works. This publication is an attempt to start that debate in earnest, and talk about how a new kind of public private partnership could save regeneration in our town centres. This is a manifesto for a new kind of collaboration between public and private partners in property. It outlines our innovative approach to Public Private Partnership and includes advice from a number of highly experienced professionals from the banking, land agency, legal and local authority sectors.
Click here to download a copy of the report.
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