South Tyneside & Gateshead Councils
Project status
Wave 1: Construction started January 2008;
First school to open September 2009
South Tyneside and Gateshead (STaG) councils are working together to deliver BSF funding to their region as a whole.
The councils reached financial close in December 2007 on their Wave 1 project.
STaG's BSF Partners
| Bidder | Inspired Spaces Ltd |
| Lep Equity Provider | Carillion Private Finance Ltd / Royal Bank of Scotland |
| Construction | Carillion |
| Design | Ryder HKS (F Squared / WSP / Cundall Johnson) |
| Hard FM | Carillion |
| Soft FM | Carillion |
| ICT | Morse Group Ltd |
| Partnering Services | Carillion / Place Group /F Squared |
| Funders | NIBC |
Wave 1
Funding:
| Conventional Funding | £133.9m |
| PFI Credits | £63.2m |
(Includes ICT. Allocations are indicative and are likely to change.)
