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Growing Places Fund & Future Investment Model

Growing Places Fund & Future Investment Model. Arzu Ulusoy-Shipstone Capital Investment & Business Development Manager Oxfordshire County Council. 4 th April 2012. Introduction. Infrastructure Financing – The Journey from 2000 to 2012 The Rolling Fund Concept

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Growing Places Fund & Future Investment Model

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  1. Growing Places Fund & Future Investment Model ArzuUlusoy-Shipstone Capital Investment & Business Development Manager Oxfordshire County Council 4th April 2012

  2. Introduction Infrastructure Financing – The Journey from 2000 to 2012 The Rolling Fund Concept Opportunities for Oxfordshire Recommendations

  3. 2000 2012 Infrastructure Financing: 2000 to 2012 Source: NLGN- Capital Futures

  4. Diverse Funding/ Borrowing Options Infrastructure Financing: 2012 & Beyond

  5. Infrastructure Financing- Challenges Reduced access to public funds & problems facing the private finance market; UK’s competitive position in the global economy; The need to sustain & increase the level of investment in infrastructure that supports growth; Economic growth and its importance in future funding available at the local level; Substantial up-front investment required to realise the benefits from the LEP/ the EZ

  6. The Rolling Fund Concept In its Simplest Form Providing of upfront funding to unlock development Facilitating of timely provision of infrastructure that supports the delivery of growth; Bringing forward other developments through use of recycled values; Enabling cross-boundary funding flows Added Functionalities Co-ordinating funding of infrastructure that serves multiple sites; De-risking infrastructure which may or may not be linked to any development; Supporting long-term investment ventures (such as land assembly) for maximising return or delivering specific projects; Acting as investment vehicle for other infrastructure financing tools/ delivery routes such as PPP or TIF;

  7. S106/ CIL NHB/ RGF GPF BR Uplifts (EZs) Other Funding The Rolling Fund Concept Rolling Investment Fund Pays Upfront (in the form of equity or loan) for Infrastructure Infrastructure Projects To Release Development Development Returned or Recycled Value (Potential Revenue Streams/ Captured Land Value)

  8. S106/ CIL NHB/ RGF GPF BR Uplifts (EZs) Other Funding The Rolling Fund Concept Public Sector (Asset or Cash Contribution) Private Sector Investor Rolling Investment Fund Pays Upfront (in the form of equity or loan) for Infrastructure Infrastructure Projects To Release Development Development Returned or Recycled Value/ RoR from Investment (Potential Revenue Streams/ Captured Land Value)

  9. Opportunities for Oxfordshire Creating a co-investment opportunity to sustain and increase growth in Oxfordshire; Ensuring the success of the EZ and the delivery of its wider benefits; Pooling resources to create scale that enables consideration of a wider investment portfolio and effective dialog with investors; Demonstrating innovation to be in better place for attracting future government funding; Credible and joint approach to investment for delivering growth

  10. Recommendations Agree to invest the GPF in a “larger investment fund” in collaboration with partners; Review & agree the key prioritisation principles (criteria) for the allocation of the fund; Agree to develop an “objective assessment methodology” & to appoint an independent organisation to undertake the formal assessment; Approach partners to support the creation of the larger investment fund; Note that the timetable for allocation of the Fund is June 2012.

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