A Scottish housing association is bidding to develop public infrastructure under yet another alternative to PFI.
Cordale Housing Association is bidding to develop a new primary school in the Scottish village of Renton, West Dunbartonshire, under a Public-Community Partnership.
A PCP involves a local community organisation, such as the Housing Association, borrowing the capital cost of the project and leasing it back to the local authority over 25 years.
The housing association is currently in discussions with West Dunbartonshire Council about the not-for-private-profit social enterprise model.
The association is approaching the Scottish Executive in a bid to gain pathfinder status for the new funding initiative.
If approved the Cordale Group will also provide ancillary services if required - with costs worked into the rental value, and any surplus generated by the lease would be put back to community programmes - such as a local arts resource.
The current SNP proposal for an alternative to the PFI is the Scottish Futures Trusts, however, the Scottish Executive may be looking at other options.
Source: Infrastructure Journal