Name | Purpose | JV Structure | Date Signed | Ownership | Case Study | Notes | ||
Central Government Body JVs | ||||||||
Actis | Private equity directed at International Development | 2004 | DIFD (40%) Private Shareholders (60%) | - | £6.8bn of funds in Africa, China, Latin America, South Asia and South East Asia. | |||
Building for Business | Property asset management/ development | 2001 | One Northeast (50%) UK Land Estates (50%) | p.43 |
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Dr Foster Intelligence | Improve quality and efficiency of health and socialcare through better use of information | Ltd Co. | 2006 | Dr Foster Ltd. (50%) NHS IC (50%) | - | NAO report critical of procurement process. | ||
E Midlands Property Investment Fund | Regeneration in the East Midlands | 2004 | EMDA (25%) HCA (25%) PSP (50%) | - |
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English Cities Fund
| Invest in mixed- use projects in assisted areas
| 2001 | HCA (50%) Amec (25%) Legal and General (25%) | - | £100m raised through the investment of £50m in equity from the three partners together with £50m in bank debt. | |||
Fibreway | Fibre optics alongside canal network | Ltd Co. | 1990s | British Waterways (10%) Marconi (90%) | - | Subsequently rebranded as Ipsaris and then sold to Easynet. | ||
Forest Holidays | Building and management of holiday centres | 2006 | Forestry Commission (50%) PSP (50%) | p.14 |
| |||
ISIS | Waterside regeneration | 2002 | British Waterways (50%) PSP (50%) | p.43 |
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Microbial Solutions Ltd. | Technology to treat Metal working fluids | Ltd Co | 2007 | Centre for Ecology and Hydrology H2O Venture Partners Oxford Capital Partners | - | Spin-out. | ||
NATS Holdings Ltd | Air traffic control systems | Ltd Co. | 2001 | DfT (48.9%) Airline Group (41.9%) BAA plc (4.2%) Sharetrust Ltd. (5%) | - | Separating service provision from regulation (safety).
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Network Space Ltd | Development of workspace in English Coalfields | Ltd Co. | 1999 | HCA (49%) Langtree Group (51%) | - |
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NHS Shared Business Services | Shared service Delivery | Ltd Co. | 2005 | DOH (50%) Steria Group (50%) | p.16 |
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NorwePP | Property asset management/ development | 2006 | NW RDA (50%) PSP (50%) | p.14 |
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ONEDIN | Developmentpartnership | 2008 | One Northeast (50%) Langtree (50%) | - |
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Partnerships UK | Support and invest in Public Private Partnerships. | PLC | 2000 | HMT (45%) Scot. Min (4%) Private investors (51%) | - |
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Priority sites | Land development in areas of market failure | Ltd Co. | 1997 | HCA (49%) RBS (51%) | - |
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PxP West MIdlands | Property regeneration partnership | 2007 | Advantage West Midlands (50%) PSP (50%) | - | Also manages AWM's portfolio of investment properties. | |||
QinetiQ | Defence Solutions | Ltd Co. | 2003 | MoD (19%) Public ownership (81%) | - | MoD has special shareholder rights such as the veto of certain contracts. | ||
UKAEA and STFC property JV | Development of the Harwell Science and Innovation Campus in Oxfordshire | 2008 | UKAEA/STFC (50%) Goodman (50%) | p.68 | The joint public sector interest in the partnership is held by a separate Limited Partnership between UKAEA and STFC. | |||
Working Links | Employment programme for disadvantaged communities | Ltd Co. | 2000 | Shareholder Executive (33.3%) Mission Australia (33.3%) Manpower plc (16.6%) CapGemini plc (16.6%) | - | Voluntary Sector partner brought in following review. | ||
|
| Ltd Co. | 2004 | PUK Finance Wales Lansdales Bro Morganwg NHS Trust | - | Spin-out to successful JV. | ||
Local Government JVs | ||||||||
Programme to build secondary schools | Ltd Co. | 2001 | BSF (10%) LA (10%) PSP (80%) | p.15 |
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Croydon Council Urban Regeneration Vehicle | Replacement of council offices and town centre regeneration | 2008 | Croydon Council (50%) John Laing (50%) | - | Individual development projects held in a subsidiary vehicle and financed individually. | |||
Customer Service Direct (CSD) | Shared services delivery | Ltd Co. | 2004 | BT Suffolk County Council | p.13 | JV between Local authority and private sector. | ||
Kier Harlow Ltd. | Shared services delivery | Ltd Co. | 2007 | Harlow CC (19.9%) Kier (80.1%) | - | Also Kier Islington + Kier Sheffield (LLP) + Kier Stoke. | ||
Newcastle Airport HoldingCo Ltd | Airport owner/operator | Limited Company | 2001 | 7 LAs (51%) PSP (49%) | - | 7 local authorities own retaining the controlling share. Listed as public corporation. | ||
NHS LIFT | Programme to build local GP centres | Ltd Co. | 2003 | PCT (20%) PFH (20%) PSP (60%) | p.15 |
| ||
Sea Space (Hastings & Bexhill Renaissance Ltd) | Public partnership to deliver 10yr business plan for regeneration | Co Ltd by Guarantee |
| SEEDA English Ptnshps. East Sussex CC (<19.9%) Hastings BC (<19.9%) Rother DC (<19.9%) | - | Sea Space contracts through 50:50 SPVs with private sector for individual projects. | ||
Service Birmingham | Shared services delivery | Ltd Co. | 2006 | Birmingham CC (35%)Capital Business Services (65%) | - |
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Southwest One Ltd | Shared services delivery | Ltd Co. | 2008 | Somerset CC Taunton BC Avon and Somerset Constabulary IBM | - |
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Notes:
This list only represents a sample of JVs with the private sector (public to public JVs are not included). A more comprehensive list of public sector classified entities can be found on the ONS website www.statistics.gov.uk/downloads/theme_economy/MA23.xls.
A complete list of community interest companies can be found on the CIC regulator website at www.cicregulator.gov.uk/coSearch/companyList.shtml.