Caledonian Economics is owned and managed by the people who work here. We have three permanent team members working from our office in Edinburgh. We are among the most experienced advisers on PPP/DBFM projects in the world.
University of Edinburgh, BSc (Hons), Certified Diploma in Accounting and Finance
As the adviser to public sector counter-parties, I have a track record of 23 PPP transactions that have reached Financial Close, mainly in the Social Infrastructure sector. These include kindergartens, lower and upper schools, special educational needs facilities, pharmaceutical processing facilities and community health assets. Others are in procurement.
I have supported project development, feasibility studies and market analysis for at least 50 PPP schemes in the UK, mainland Europe, Asia-Pacific and Latin America.
- My successes include the restructuring of social infrastructure PPP projects during procurement or after Financial Close. These include ones where the senior lender defaulted, where major private contractors become insolvent, where the government interpretation of accounting rules changed, and where problems arose with demand risk transfer.
- I have delivered strategic capacity-building and institutional development projects at national and sub-sovereign level including training seminars, development of PPP frameworks, standard documents and templates and PPP unit structuring. This includes government, national agencies or policy makers in the Baltic states and South America. I lead the team recently selected to help the Ministry of Health in Turkey establish the PPP Monitoring Unit for their Hospital PPP program, believed to be the largest globally.
- I am a co-opted Director of the Tiree Community Development Company, a company owned and managed by the community of the remote Hebridean island of Tiree, and which promotes the sustainable, environmental, economic and social development of island and its community. The Trust is responsible for a range of community assets including Tiree Community Energy Ltd which operates the community wind turbine and Tiree Broadband, the community IT company.
University of Edinburgh, MA (Honours), Politics Chartered Accountant (CIPFA)
- advising Highland Council on the Wick Community Campus project procured in partnership with Hub North Scotland;
- advising Aberdeenshire Council on the Alford Community Campus project procured in partnership with Hub North Scotland, signed August 2014;
- advising City of Edinburgh Council on the James Gillespie's High School redevelopment procured in partnership with Hub South East Scotland;
- advising NHS Greater Glasgow & Clyde on the procurement of five DBFM health facilities by the public sector through the hub West Scotland partnership;
- advising Angus Council on the procurement of replacements for Brechin High School and Forfar Academy through hub East Central;
- supporting eight Local Authority Building Schools for the Future (BSF) schemes throughout their procurements of PFI and D&B schools under the BSF programme;
- advising the Education Funding Agency on the Free Schools programme. His role included evaluation of free school applications and acting as finance lead during interview of applicants. He contributed to structured interview process including development of questions, moderation of scores and reporting of findings;
- working with TfL to develop the business case for the London Cycle Superhighways scheme. He developed the methodology for calculating the economic benefits accruing from the investment and built a financial model to calculate the cost-benefit analysis underlying the business case.
Strathclyde University BA (Hons), Chartered Tax Adviser, Investment Management Certificate.
Peter is our Director of Finance. He is a Chartered Tax Adviser (CTA) and holds the Investment Management Certificate (IMC). He advises on all aspects of procurement, with a particular focus on finance and lending. He is a Management Committee Member of East Lothian Housing Association. His recent experience includes:
advising Scottish National Blood Transfusion Service on the procurement of their National Centre at Heriot Watt University. The work included creating a bespoke payment mechanism for the blood tissues and cells manufacturing facility;
- advising Scottish Local Authorities on City Deal negotiations to achieve funding support for major infrastructure and regeneration. This involves assessing the Economic impact of long term (20 year+) investment programmes;
working on behalf of the Scottish Futures Trust to assist the development of the NPD/DBFM Standard Form payment mechanism, warning triggers and to explore the use of the HM Treasury Shadow Pricing Model on Scottish projects;
leading our financial advice to many Scottish local authorites on the procurement of their schools PPP projects using the PPP, NPD and hub commercial structures;
advising Scottish Water on the financial and economic standing of bidders on their JV procurement;
advising on the affordability and value for money implications of a proposed Strathclyde Police operational hub.