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9. Recommendation and Next Steps
9.1. Recommendation to the Cabinet Secretary for Finance and Sustainable Growth
This SBC has set out the case for the establishment of a SFT initiative, whose delivery would be supported by the creation of a new SFT organisation.
If the proposals set out in this SBC are acceptable to the Cabinet Secretary, the following recommendations are made:
i) SFT should be established (there are a number of options for achieving this quickly) and it could then be tasked with commencing SFT business planning and early win activities;
a) Establish a significant projects review group as a first step towards better quality and more consistent assurance of infrastructure investment;
b) Commence programme delivery of hub pathfinders, for community based infrastructure;
c) Establish programme support arrangements for residual waste investment;
d) Establish programme development arrangements for any future schools investment programme;
e) Provide guidance, structuring and compliance for ongoing NPDPPP programmes;
f) Commence development/delivery of a Local Authority bond issue;
g) Undertake further detailed development of innovative asset provision models in the appropriate sectors;
h) Commence development and piloting of a funding and aggregation model for the housing and Further Education sectors;
i) Coordinate and promote the development of tax incremental financing and asset backed vehicle models in the regeneration sector.
ii) Budget requires to be identified to support the creation and running of SFT;
iii) An Infrastructure Board for Scotland should be considered once SFT is established, possibly chaired by the Cab Sec, with board membership representative of the "delivery map" set out in this SBC. The IBfS would be an oversight board for the SFT initiative.
iv) Transition arrangements require to be considered as part of the business planning stage;
v) There are a number of private sector market interests affected by SFT. It may be beneficial for SFT if the Cab Sec could hold a series of meetings with key individuals and institutions.
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