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Issue details

Streets Ahead PFI Contract- Refinance

The Streets Ahead contract (‘the Contract’) has been set a significant savings target in order to contribute to the Council achieving its challenging budget position in the future.


To carry out a Refinance to replace the current funders with potential new funders on more favourable terms in order to reduce the cost to the Council of the Streets Ahead contract.


Failure to carry out the Refinance will result in more pressure on achieving the Council’s current and future budget and may result in more drastic cuts to front line services


Decision type: Key

Decision status: Recommendations Approved

Notice of proposed decision first published: 08/11/2021

Scrutiny Committee: Overview and Scrutiny Management Committee;

Decision due: 15 Dec 2021 by Leader of the Council

Lead member: Executive Member for Finance and Resources

Lead director: Executive Director, Resources

Department: Resources

Contact: Jayne Clarke Email: Tel: 20 39159.

Date agenda documents available: 07/12/21


Agenda items