Authorities have already benefited from gain sharing mechanisms

1.29  More than half of the 43 per cent of authorities which included profit and other gain sharing mechanisms in their contracts have already benefited from them. Mechanisms used have enabled authorities to share profits on third party revenue, profits over a defined threshold, facility management efficiency savings, unspent redundancy provisions, and property development gains. A notable example of profit sharing mechanisms being used has been the PRIME deal where the authority has secured about £30 million from these arrangements.