This document summarizes various innovative funding mechanisms being used in the UK, including Local Asset Backed Vehicles (LABVs), Enterprise Zones, Tax Increment Financing (TIF), and JESSICA funds. LABVs allow public sectors to access private financing through 50/50 joint ventures. Enterprise Zones provide tax breaks and planning advantages to designated areas to generate investment. TIF allows borrowing against future tax revenues from development. JESSICA funds leverage EU structural funds to provide loans, equity, and guarantees for sustainable projects.

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3. UK Public Sector Clients

7. Non Recourse Bank Finance Private Sector Partner Development Skills and Cash Public Sector Partner Property Assets LABV Development Projects Existing and Future Means of dealing with disposal and regeneration of public estates in an efficient way. Retain control through 50/50 share and deadlock. Outsource cost and capital requirement. Simplified LABV Model Limited Partnership (LP), Limited Liability Partnership (LLP), or Company (Ltd)

8. Context Previous methods: Sale with planning permission Development Agreement with overage Drawdown Arrangement Political Background: The Carter Report £20bn The Public Finances – Reduce national debt The need for new public facilities The need for additional new build housing Public Sector Objectives: Open transparent, OJEU compliant procurement- best value and VFM Access to private finance Ongoing control Risk transfer

19. Enterprise Zone Locations

29. The TIF Investment and Development Process TIF Area Defined Perform “But for” test Estimate current level of tax revenues Estimate growth in tax for TIF district Issue bond for amount greater than or equal to tax revenues Use bond to finance public works Loan repaid over time

33. Vauxhall Nine Elms, London

38. London Green Fund - Context

43. Accelerating success. Colliers International