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 Ltd was appointed.
Roger Ball, Technical Director of Bournemouth Borough Council, said: “We were determined to find a partner with the drive, ambition, imagination and skills to help create a Bournemouth for the future – exploring their track records and gaining reassurance that they had the financial ability to deliver was paramount.”
Morgan Sindall Investments Ltd has a strong track-record in community-based developments, including those which facilitate the delivery of health and social care services, education, emergency services, housing, transport infrastructure and broader regeneration.
Notable projects include the design, build, finance and operation of the joint police and fire headquarters in Poole, a community schools project in Islington, Basildon Sporting Village and infrastructure projects across the UK.