The Council appointed a team of professional advisers in 2009 to consider how it could best use its land assets and attract investment into the town. From this early engagement the Council decided to proceed with a public/private sector joint venture called a Local Asset Backed Vehicle.
Following widespread publicity 46 major private organisations attended a bidder’s day to learn more about Bournemouth’s plans for improvement.
30 percent of those companies put themselves forward as potential partners; their proposals and ability to deliver were scrutinised and a shortlist of six was drawn up. Those six took part in a thorough competitive dialogue, regulated by European Procurement procedures, and were whittled down to three before Morgan Sindall Investments, a Morgan Sindall Group company, was appointed.
In autumn 2020, Morgan Sindall Group’s investment in BDC was transferred from Morgan Sindall Investments Limited to another Morgan Sindall Group company, national placemaker Muse Places Limited. For more information about Muse Places Limited, visit their website.