Are there other actions that could be taken, by the public or private sectors, to increase institutional investment in public assets and services, and what are these? What would be the expected implications for cost, risk transfer and value for money? 

Aside from the points in Q6 and Q13, an increase in origination, diligence and management capability within the private sector investors or investment managers could increase institutional investment through private placements. Other respondents will be better placed to comment on this. 

The creation by the public sector of "baskets" of assets, with a portfolio where some assets are core existing assets with an ongoing need (and revenue stream), some may have disposal potential, and there is a requirement for some to be developed (new or redevelopment) could create an investment opportunity for institutional investors with a property portfolio. Where assets are non-specialist and can be leased by public sector occupiers on an operating lease basis and where value can be delivered through rationalisation this could be attractive to both the public and private sectors as in the Local Asset Backed Vehicle (LABV) models. However, where assets are specific to their purpose (eg schools or hospitals) it is likely to be difficult to transfer significant risk to private sector operators under such a structure in order to deliver value form a privately financed solution.