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PSP Lichfield LLP Strategic Asset Management Committee Using the power of Partnerships to achieve exceptional outcomes Briefing Session 28 th November 2019 publicsectorplc.com Purpose of today To provide Lichfield District


  1. PSP Lichfield LLP Strategic Asset Management Committee Using the power of Partnerships to achieve exceptional outcomes Briefing Session 28 th November 2019​ publicsectorplc.com

  2. Purpose of today … To provide Lichfield District Council’s Strategic Asset Management Committee Members with an introduction to the PSP Lichfield LLP Partnership, including: • Introduction to Public Sector Plc • Benefits of a PSP Partnership Public Sector Plc provides expertise and funding to • Governance Overview unlock value within public sector property assets • Summary of Partnership Projects publicsectorplc.com

  3. 19 Partnerships publicsectorplc.com

  4. Introduction to Public Sector Plc • Originated in the public sector and works exclusively with property and land • Establish Limited Liability Partnerships (LLP) with councils • 19 partnerships with councils across England • Unique Relational Partnering in-source model Public Sector Plc provides • Emphasis on delivering socio-economic benefits for council partners expertise and funding to • unlock value within public Share knowledge via the LG Council Consortium Group and Advisory Group sector property assets • Robust governance structure and framework • Additional ‘fourth option’ - does not take away ability to use other methods publicsectorplc.com

  5. Responding to your challenges • Delivering development, regeneration and socio-economic benefits • Supporting Strategic Plans and financial strategies • Facilitating a broad range of property projects with the public sector including: 1. Land promotion and regeneration 2. Portfolio management 3. Housing delivery 4. Adult care and health opportunities publicsectorplc.com

  6. Benefits of a PSP Partnership • Draws in additional resource whilst facilitating insourcing • Statutorily compliant process • Delivery risks assessed on a project by project basis • Governance process in place for all project approvals • LLP option tested against Council’s other options to ensure best value for money • Projects are validated to demonstrate achievement of necessary tests • LLP sits outside the council • Enhances ability for council to deliver/achieve its outcomes quicker publicsectorplc.com

  7. How PSP is Evolving Strategic Partnership Successful Partnership Governance • • • Strategic connection with Focussed objectives and Respond to innovation and partners to allow opportunity pipeline of different types of change / continuously refine to add highest value projects governance framework • • Resources working better Exploring more diverse ways • Aligned with council’s strategic together and committed to of funding objectives the partnership Delivering outcomes beyond • Ensure partnership is highly expectations relevant to the council publicsectorplc.com

  8. Example of office rationalisation / land promotion Town centre office rationalisation • Twelve expensive and unfit buildings vacated with staff relocated to efficiently occupied refurbished space • Programme funded out of capital receipts from value added disposals by the partnership • Objective – To realise £450K revenue savings p.a. whilst providing better quality and more sustainable accommodation resulting in improved working environment and better staff retention • Historic backlog and planned maintenance liabilities of existing estate removed publicsectorplc.com

  9. Example of development management Supported temporary accommodation • Council statutory responsibility - alternative solution required to private bed and breakfast facilities • LLP facilitated solution - the development of a new building for households at risk • Enable council revenue savings of £80K p.a. • LLP managing planning, design and delivery of 18 home units • Improvements to quality of life and likelihood of households returning to autonomy and independence • Utilisation of low quality temporary land use site publicsectorplc.com

  10. PSP Housing Model • Complements council’s existing housing delivery programme • Family houses for Private Rented Sector (PRS) • Dedicated brand established (www.letlife.co.uk) • Modern Methods of Construction (MMC) • Highly energy efficient homes • Current potential pipeline of 900+ units across six partnerships • Council owned land suitable for housing could be used to: – Secure more robust delivery of housing in short time frames – Generate revenue stream to the Council – Provide wider socio-economic benefits publicsectorplc.com

  11. Examples of housing model 39 unit scheme comprising 2, 3 and 4 bedroom houses with associated carparking 100 unit scheme comprising 2, 3 and 4 bedroom houses with associated carparking and public open space 24 unit apartment scheme with under croft parking publicsectorplc.com

  12. Examples of portfolio management Ground rent portfolio • Mixed portfolio of 2,500 ground rents • Construction of high quality speculative office • Purchase of Travelodge • Portfolio reduced to three assets • Net income significantly increased Investment portfolio • Circa 1,000 commercial assets​ • Deal finalised to take over portfolio for 7 years​ • Portfolio to be rebalanced​ with poor performing assets to be sold​ • New assets to be acquired or developed publicsectorplc.com

  13. Socio-economic benefits publicsectorplc.com

  14. Questions? publicsectorplc.com

  15. publicsectorplc.com

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