What happens to buildings at the end of a PPP contract?
This depends on the contract. The LEA or school could let a new contract, subject to a new competition, or extend the contract further. If the asset is no longer needed, the private sector partner could have first option of buying the freehold at market value for its permitted uses. The contract could provide for the school to be transferred to the LEA at nil cost or at an agreed market value. The various options will have different implications for the PPP fee.
