Skanska in the UK
Here you will find information relating to Skanska UK including the services we provide, career opportunities and UK contacts amongst other things.
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Public Private Partnerships
Building Schools for the Future (BSF) was launched in 2004 by the former Labour government. Its aims were to rebuild or refurbish every secondary school in England over a 15-20 years period. Local city, borough and county authorities would enter into public-private partnerships known as Local Education Partnerships (LEPs) with private sector companies such as Skanska to plan a co-ordinated renewal of their entire secondary schools estate. Funding for information and communication technology (ICT) was to be integrated and ring-fenced.
Bristol City Council, in a 10 year partnership with Skanska, formed the UK's first LEP in 2006. Skanska Infrastructure Development made an equity investment of around £4.75 million into the LEP and as the lead investor was offered exclusivity rights for 10 years to redevelop mid-large scale school projects on the city's behalf. Other investors in the LEP include the Bristol City Council, International Public Partnerships Ltd (a publicly listed investor of infrastructure projects), and the Mill Group (a private investor of infrastructure projects).
In addition to leading the partnership, Skanska Infrastructure Development has raised debt funding to finance construction, and manages service contracts with Skanska UK for design, construction and facilities maintenance, and with other service providers for ICT, catering, security, leisure services for community use, and so on.
The BSF programme in Bristol consists of an initial programme of four schools with a total construction value of approximately £119 million, with a 25-year operating contract funded through the UK Government's Private Finance Initiative (PFI). These four schools were completed between 2007 and 2009 and are now maintained by Skanska Facilities Services.
In May 2010 a £100 million contract was signed for the rebuilding of five more secondary schools and a special needs school. Subsequent contracts have delivered a further six new or refurbished Academies and primary schools. In total, the capital expenditure value of the construction works as of June 2011 is approximately £284 million.
The BSF programme was cancelled in July 2010 by the new coalition government. Skanska continues to work closely with the Bristol City Council to support the Authority's strategies for new and refurbished educational facilities across the city.
- Design, construction, finance and operation of four new secondary schools, plus 10 year exclusivity to develop over further schools
- Payment: availability
- Client: Bristol City Council
- In operation: from 2007
- Concession period (for first four PFI schools): 27 years, until 2034
- Total construction contract: GBP 119m for four initial schools, GBP 284m to date
- Skanska ID's investment: GBP 4.7m
- Partners: Bristol City Council, International Public Partnerships Ltd, the Mill Group
Service: Construction, Public Private Partnerships, Operations & Maintenance
Market segment: Schools