The Scotland-wide hub initiative which is led by SFT, reflects a national approach to the delivery of new community infrastructure which is valued at more than £2bn over its first 10 years.
It brings together community planning partners, including health boards, local authorities, police, and fire and rescue services and several other public bodies together with a private sector development partner to form a hubCo to increase joint working and deliver best value in delivering new community facilities. This service is delivered through five hubCos in the South East, North, East Central, West and South West regions of Scotland.
To view the list of projects within the hub pipeline, click here.
To access all hub publications, please click here.
Revised structure for hub Design, Build, Finance and Maintain projects (10 November 2016)
The European rules on the classification of PPP projects have been developed through the publication of further revised guidance by Eurostat on 29th September.
SFT has reviewed this guidance and identified that the revised structure for hub Design, Build Finance and Maintain (DBFM) projects advised to parliament by the Deputy First Minister on 26 November 2015 remains compliant.
The guidance reinforces that refinancing gain sharing by the public sector can be consistent with private classification, and highlights the need for private parties, including funders, to accept risk of loss in the event of contract termination under certain conditions.
SFT has made amendments to the detail of the Standard Form Project Agreement (Version 2.4) to ensure alignment with these requirements without adversely affecting value for money.
Informal discussions with classifiers, and the welcome clarity brought by the detailed new guidance, gives confidence in the private classification of projects taken forward under this revised guidance and contract form.
The Office for National Statistics (ONS) will reserve the right to take a formal classification decision on a project undertaken under these arrangements once financial close has been reached.