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21st Century Schools and Education Programme

United Kingdom of Great Britain and Northern Ireland
Stage 3: Start of Project Feasibility / Business Case
Stage 3: Start of Project Feasibility / Business Case
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GOVERNMENT SPONSOR
Welsh Government
SECTOR
Social  >  Education  >  Schools
TYPE
Brownfield
VALUE
763.9 M USD
PROJECT LOCATION (E.G. MAJOR GEOGRAPHIC REFERENCE)
Wales Wales United Kingdom of Great Britain and Northern Ireland 
OPPORTUNITY FOR PRIVATE SECTOR INVOLVEMENT
LAST UPDATED
Q3 2018
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Project data uploaded by:
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Project Description
The Welsh Government has prioritised its commitment to bring the school and college estate into 21st Century standard - via both revenue and capital funding - the 21st Century Schools Programme. This PPP revenue funded project forms part of the wider Programme for the second phase (Band B). PPP sites are yet to be identified but will likely be located across Wales and involve new build school and college facilities. Band B will be operational from 2019-24. Band B (revenue) is part of a £1bn PPP pipeline announced in 2014. Whilst some of the details are subject to further clarification, the public sector is seeking to finance a PPP scheme and is adopting a standardized approach to the development, assurance and procurement of the PPP pipeline, with a standard form Project Agreement at its center. Payment for the PPP scheme will be made by the public authority to the Special Purpose Vehicle over a period of 25 years via a Unitary Charge.
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Project stage info
Stage 1: Initial Government Announcement
Completed
Stage 2: Project Investigation
Completed
Stage 3: Start of Project Feasibility / Business Case
Completed
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