February 21, 2019
London, United Kingdom (February 21, 2019) – Ankura, a leading business advisory and expert services firm which leverages technology, financial advisory and management consulting capabilities, supported Surrey Homes and Property Enterprise (SHAPE) Partnership in their successful bid to secure £635,000 in funding to support four projects in Surrey, U.K. from the Government’s One Public Estate funding programme. The funding award is the highest grant in the South East and East region and the second highest award nationally.
The One Public Estate programme is an established national programme delivered in partnership by the LGA and the Office of Government Property (OGP) within the Cabinet Office. Launched in 2013, the programme works with more than 300 councils on projects transforming local communities and public services across the U.K. Recently announced new funds have been awarded to 57 public sector partnerships taking part in the One Public Estate programme. These funds will provide support to use publicly-owned land and buildings more efficiently.
The funding awarded to SHAPE follows a competitive bidding process, where each partnership was required to bid for a proportion of the funding. Ankura’s project advisory team, which addresses execution risks throughout the life cycle of capital investment in construction, infrastructure, and real estate projects, worked in collaboration with SHAPE to lead and develop the bid, which will assist the partnership in delivering over 1,100 new homes and social infrastructure.
James Hanson, Senior Managing Director at Ankura said, “We are delighted SHAPE has been awarded this funding. These regional development projects will free land for new housing, create new jobs, and improve the utilisation of public sector property across the region.”
Lesha Chetty, Managing Director on Ankura’s project advisory team adds, “We are thrilled that our relationship with SHAPE as lead advisors has resulted in the deliverance of this critical funding to support SHAPE’s projects to improve the local community in Surrey. We look forward to working closely with SHAPE to build and deliver the right capabilities to execute the plans ensuring regeneration and economic growth are achieved.”