Awarded contract
Published
Project Walnut - Subsidy Advice
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Description
AY to advise on subsidy control for pricing and the profit waterfall. Work will be split into Phase 1 (initial advice) and Phase 2 (detailed report post-approval). Benchmarking and review. AY will benchmark pricing across the capital stack using market comparables, review draft HOTs, and support the Q&A process with MGT. Risk and compliance. The aim is to flag potential issues and propose mitigations, recognising that unlike previous pari passu equity investments, Homes England will be taking a different return to its partner.
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