PF2 AND NPD - The Future of Private Finance
As part of the Autumn Statement, the Chancellor, George Osborne, released details of the outcome of the Government's review of the Private Finance Initiative and announced its successor, PF2. This article will highlight some of the key changes and compare PF2 to the approach taken in Scotland under the Non-Profit Distributing Model ("NPD").PF2 – the future of Private Finance in…
If you build it, they will come
The Scottish Government’s cabinet secretary for Infrastructure and Capital Investment, Alex Neil, has announced the Scottish Government’s provisional approval of Glasgow City Council’s £80 million Tax Incremental Financing (TIF) scheme. The proposed Buchanan Quarter TIF project will result in further expansion to Buchanan Galleries and George Square and the upgrading of Queen S…
Scotland is leading the way on TIF, but is England's approach superior?
The Budget last month means that tax increment financing (TIF) pilots in England are closer to becoming a reality. Euan Murray compares the English TIF approach to Scotland's, which has forged ahead with its own projects.Since the creation of the Scottish Parliament in 1999, Scotland and England have often taken slightly different approaches in relation to the way they progress…
Hub announcement
The Scottish Government recently revealed the two pathfinder territories for the hub initiative through which it aims to bring together local authorities, health boards and other public bodies within a locality to procure community-based infrastructure. South East Scotland will lead the way, followed by the North of Scotland. Both have received Scottish Government funding towar…
Effect of the implementation of the EU Remedies Directive (EURD) on Procurement Clients
You may know that a new Directive has been adopted that affects the way in which parties can seek redress in the case of breaches of procurement rules. The following is a brief summary of the effect of the EURD on your procurement operations, and sets out those areas on which the Scottish Government is consulting before being transposed into Scots law by 20 December 2009 at the…
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