The Council was embarking on a £5.25bn regeneration programme to establish itself as a major commercial destination, with an ability to attract high value jobs. They recognised that a few strategic projects were key to the whole plan and were keen to work with the private sector to get them delivered.
We were commissioned by the Council to devise and develop a Revolving Infrastructure Fund (RIF) as a means of addressing the financial constraints. Such a structure creates a more strategic approach to investing in a portfolio of projects by providing funding, finance and debt between projects.
We provided the Council with advice on:
We have completed similar projects for Cornwall County Council and Bexley Council.
Our work has provided the Council with a prospectus of worked examples. This has enabled officers, members and external stakeholder to fully understand how the RIF would work. The RIF has made its first investment in the highest profile commercial site within Croydon’s Opportunity Area.