Creation of the South-West hubCo has been welcomed by construction firms across the region as a boost for securing future work in the building sector.
The multi-million deal was struck by six local authorities, three health boards, emergency services and other public bodies that will help secure long-term local employment opportunities.
Bill Martin, programme director of the South-West hubCo programme board, explained: “The structure of this relationship means that it will bring real opportunities to local businesses as over 80% of the construction value will be competitively tendered to SMEs on the supply chain.
“We are delighted with the outcome of the agreement which will deliver innovation and better value-for-money on all our construction projects.”
Nick Parker, chief operating officer of Equitix and a Director for Alliance Community Partnerships, stated: “We are very much looking forward to building a successful and long-lasting partnership with all organisations involved in the South-West hubCo, delivering much-needed projects and investment in the local communities.”
“Importantly, the formation of the South-West hubCo will facilitate the creation of new employment and training opportunities for local companies in challenging economic times.”
The Scotland-wide hub initiative is led by the Scottish Futures Trust and reflects a national approach to deliver new community infrastructure valued at more than £1.5bn over the next 10 years.
It brings community planning partners including health boards, local authorities, blue-light services and other public bodies together with a private sector development partner to form a hubCo, to increase joint working and deliver best value.