Provide Specialist Financial Services to Derbyshire Council
The Council is seeking to utilise its considerable land assets, to generate a revenue income stream through the establishment of a Derbyshire County Council Development Company.
REFERENCE CTP 768
Provision of Specialist Financial Services – Derbyshire Development Company
Awarding body Derbyshire County Council
|EST. START DATE:||04/04/2016|
|EST. END DATE:||16/05/2016|
By 2018, Derbyshire County Council (“Council”) will be getting a third less money from Central Government to run its services, compared to 2013 , with more cuts to follow up to 2020 and possibly beyond.
The Council is seeking to utilise its considerable land assets, to generate a revenue income stream through the establishment of a Derbyshire County Council Development Company, acting within the limitations of the general power of competence (Localism Act 2011). This is to mitigate the effects of funding cuts and to support the delivery of key services. The company would be operated and governed as an arm’s length vehicle and develop surplus council property and land assets, for housing for sale or rent, extra care housing, or for commercial and industrial development. The Council is seeking to structure the company, to allow it to have the flexibility to work in formal partnership, with other public bodies, the private sector and housing providers including Registered Social Landlords (RSLs).
|Contract Type||One off|
|Procurement Process||Open Tender|
|Estimated ValueTEXT DESCRIPTION|
|Suitable for SME||YES|
DOCUMENT AVAILABLE UNTIL
19 February 2016
SUBMISSION RETURN BY
22 February 2016
Derbyshire County Council
Corporate Resources Department,
DE4 3AG. Tel: 01629 536854