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 Moran Sindall Investments, a Morgan Sindall Group company, was appointed. Morgan Sindall 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.
In autumn 2020, Morgan Sindall Group’s investment in BDC was transferred from Morgan Sindall Investments Limited to another Morgan Sindall Group company, Muse Limited. For more information about Muse Limited, visit their website.