The Covid pandemic has brought the long-standing economic challenges facing the public sector into sharper focus, reinforcing the need for financial resilience, through maximising income generation, reducing costs, creating economic growth and managing increasing demand for public services.
In response, the UK government has launched various initiatives over the past 2 years, such as Freeports, Levelling Up, Town Fund and Future High Street Fund. In addition, it has published the Levelling Up & Regeneration Bill and announced further support for the Garden Communities initiative. Competition amongst public sector bodies is high to access such funds and successful applications need to be thorough, robust and HM Green Book compliant.
The current economic climate provides an excellent opportunity for the public sector, with specialist private sector support, to develop robust innovative solutions including development and delivery structures and to access available funding.
The expiry of projects procured under the Project Finance Initiative (PFI) provides a timely opportunity to review assets that are reverting to public sector ownership within the context of a wider estates strategy and to review the delivery of support services.
Our Services
Our comprehensive and multi-disciplinary Public Sector Advisory services are specifically tailored to support the public sector, delivered by a team who are hugely experienced working with the public sector and supported by the wider Knight Frank property specialists. We are able to provide expert and specialist support and advice, combining property, commercial, financial and structuring specialisms, including:
- Property advisory, including:
- Asset management
- Regeneration and development consultancy
- Project implementation
- Professional consultancy (including planning, surveys, business rates etc)
- Valuation
- Corporate real estate
- Acquisitions and disposals
- Landlord and tenant (including rent reviews, lease renewals, surrenders, regears).
- Strategic management consultancy
- Production of HM Treasury Green Book Business Cases
- Commercial structuring and options appraisals for innovative delivery structures
- Advice on innovative financial structures
- Public sector led infrastructure and recovery programmes
- Estate strategy, rationalisation & optimisation
- Public Procurement (including initial advice, creation of tender documents, tender evalaution and appointment of successful bidder)
- PFI contract expiry
- Transaction management
Our Appointed Frameworks:
We are an approved supplier on the major UK Public Sector Frameworks including:
Knight Frank CCS Carbon Reduction Plan