Public Sector

The introduction of the Prudential Code has transformed the local authority finance market. A local authority now has a responsibility to establish value for money when entering into agreements for the financing of capital assets and intangible costs. Calculation of the implicit interest rate answers only part of the question, and it is the measurement of both the quantitative and qualitative costs and benefits that determine whether a proposal offers value for money. Assessing value for money can be further complicated when the financing is embedded within a service agreement.

Quartz Finance offers consultancy services to help local authorities establish value for money and evaluate savings or benefits from investment in new projects. We also work with local authorities to achieve better terms for new financing transactions and minimise the end of lease costs for existing agreements.