BBP were a key member of a team providing property advice to the HCA as part of the due diligence for bids to the Agency’s Get Britain Building (GBB) programme.
The work has involved reviewing applications for sites across the country with a particular focus on the applicants submitted development appraisals, to inform an assessment of scheme viability, deliverability and the hence the HCA’s ability to recover its investment.
The property advice has helped the HCA to assess how best to invest in respective schemes i.e. through equity or loan structures. Close working with applicants was also required in order to assist them in responding to the HCA’s specific requirements, particularly where they were not familiar with public sector funding programmes.