The Provision of an Impact Fund Business Case Consultancy Service

Tender description

The council requires consultancy support services to deliver an Impact Fund Business Case. This development will allow the council to advocate for seed funding from government and give confidence to external investors as viability gaps are covered. Through this, the focus, as in Greater Manchester, is on the increase of residential led development and also an increase in employment numbers. Lot 1: A prospective Impact Fund for Glasgow will be able to offer a flexible approach to funding, designed to reduce the impact of market failures and unlock and accelerate the delivery of growth projects, regardless of real estate sector. On the basis that a Glasgow Impact Fund is based on an Investment Strategy that is grounded in financially supporting real estate sector development, of the broad residential and commercial use classes, then it is eminently possible that a ‘scaled’ Impact Fund for Glasgow and can be readily conceived. The investment objective of the Impact Fund is to address the viability gap for stalled developments that can deliver economic benefit within Glasgow City Centre and achieve strategic aims, as follows: Deliver on Scottish Government national strategy, including inclusive economic growth, addressing the housing emergency and progression to net zero. Deliver on the Glasgow City Council City Centre Strategy, with a focus on repopulation and reanimation of Glasgow City Centre, supporting delivery of new homes and employment floorspace.