Caledonian Economics is owned and managed by the people who work here. Based in our headquarters in the historic trading port of Leith, Edinburgh, we advise on PPP/DBFM/BOT projects around the world.
Martin Finnigan
Managing Director
Martin is Managing Director of CalEc. He leads our advice in the education and health sectors and has a particular interest in revenue funded projects and education estate strategy. He is a Co-opted Director of Tiree Community Development Trust.
Peter Ewart
Director
Peter is our Director of Finance. His post graduate education includes Chartered Institute of Taxation (Chartered Tax Adviser 2002) and 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.
Martin Finnigan
Managing Director
University of Edinburgh, BSc (Hons), Certified Diploma in Accounting and Finance
martin@calecon.com
I am Managing Director of Caledonian Economics and am among the most experienced advisers on Education and Healthcare PPPs in the world.
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As the adviser to public sector counter-parties, I have a track record of 26 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.
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I have supported project development, feasibility studies and market analysis for at least 50 PPP schemes in the UK, Azerbaijan, Croatia, Kosovo, Uzbekistan, New Zealand, and Uruguay.
- 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, Caucasus, Central Asia, China and South America.
- 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 Renewable Energy Ltd which operates the community wind turbine and Tiree Broadband, the community IT company.
Peter Ewart
Director
Strathclyde University BA (Hons), Chartered Institute of Taxation, Investment Management Certificate.
peter@calecon.com
Peter is our Director of Finance. His post graduate education includes Chartered Institute of Taxation (Chartered Tax Adviser 2002) and he 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:
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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;
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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;
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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;
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advising Scottish Water on the financial and economic standing of bidders on their JV procurement;
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advising on the affordability and value for money implications of a proposed Strathclyde Police operational hub.