Scottish Borders Council’s replacement for Kelso High School reached financial close on 19 February 2016. The new school for 850 pupils will be built and serviced by Hub South East Scotland under a 25 year hub/DBFM/PPP contract.
We supported the Council’s internal team throughout the process. Our services included liaison with central government to confirm the financial support package, testing and interrogation of the commercial financial model, and liaison with the technical and legal team to ensure that the model, payment mechanism and contract were consistent and reflected the position agreed between the parties during the contract negotiations.
Midlothian Council’s new 1200 pupil Newbattle High School reached financial close on Friday 12 February 2016. The new school will be built and serviced by Hub South East Scotland under a 25 year hub/DBFM/PPP contract.
We supported Midlothian Council’s internal team throughout the process. Services included assistance with the ‘Key Stage Review’ submissions to government, analysis and interrogation of the financial model and its underlying assumptions, and liaison with the technical to ensure that the payment mechanism and termination clauses were in line with current practice.
We are proud to have continued our long relationship with Moray Council and to have supported them on the procurement the new Elgin High School which was signed in February this year on the basis of the hub DBFM PPP structure. Previously, we supported the Council on the procurement of Elgin Academy and Keith Primary School.
The new school is a replacement for the original buildings, built in 1978. The school is a 6 year non-denominational comprehensive school with serving south Elgin and the adjoining rural areas. The new buildings will cater for 800 pupils and will have a separate sports block, an all-weather sports pitch and an athletics track. The school’s sports and performance facilities will be available for community use.
We are delighted to have acted as financial advisers to the Shetland Islands Council to support their procurement of a replacement for Anderson High School in Lerwick. The project reached financial close on the 29th of July 2015.
The project comprises the 1,180 pupil secondary school (£42 million DBFM contract) and new halls of residence (£13 million Design and Build contract). It will be delivered by hub North Scotland ltd.
The new school will be the UK’s most remote and most northerly six year secondary school.