International PPL spends 30m pounds on schools for the future
International Public Partnerships, the infrastructure investment company, has agreed to buy additional interests in eight "Building Schools for the Future" (BSF) education projects from Carillion Private Finance.
International Public Partnerships, the infrastructure investment company, has agreed to buy additional interests in eight "Building Schools for the Future" (BSF) education projects from Carillion Private Finance.
INPP expects to invest around £30.3m and on full completion will hold majority investment interests in BSF school projects in Wolverhampton, Nottingham, Rochdale, Durham, South Tyneside and Gateshead plus a 46% investment in the Tameside BSF project.
These investments were identified as targets for INPP as part of the recent £200m fundraising by the firm which completed on June 25th.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The BSF programme was an initiative launched in 2004 by the previous government, with the aim of rebuilding or re-modelling every secondary school in England over a 20-year period.
Although the longer-term BSF programme has now been cancelled by the government, the schools which were the subject of the programme prior to its cancellation continue to be actively developed and managed.
BS
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
What does a weak yen mean for Japanese stocks?
The Japanese yen has hit its lowest level against the US Dollar since 1986. What does it mean for its stock market?
By Alex Rankine Published
-
Nationwide cuts mortgage rates as they dip below 4% for first time since February
The building society’s cheapest deal is now priced at 3.99%. Whether you’re buying or remortgaging, we look at whether rates could drop further in the coming months
By Ruth Emery Published