The guidance is not intended to be legal drafting and is not a substitute for independent, specialist advice. Users of this guidance must take appropriate legal, financial and/or technical advice before using this note and SFT's draft template Concession Contract. Neither SFT nor its advisers accept any liability for losses arising from or in connection with the use of, or any reliance placed upon, this document and/or the template Concession Contract by other parties. Unless otherwise stated, clause refere ...

Investment Rating - The report emphasizes the necessity for substantial investment in the decarbonisation of Scotland's social housing to meet net zero targets [7][9]. Core Insights - Decarbonising social housing is crucial for Scotland to achieve its net zero goal by 2045, with significant socio-economic benefits anticipated from energy-efficient housing [2][3]. - The report outlines the need for enhanced funding solutions and investment models to support housing associations in retrofitting homes [7][9]. - The Scottish Government is reviewing the estimated total cost of its Heat in Buildings Strategy, previously estimated at £33 billion, to inform future funding requirements [5]. Summary by Sections Introduction - The decarbonisation of Scotland's social housing is a key component of the Scottish Government's net zero strategy [2]. Overarching Recommendations - Strengthen the current Social Housing Net Zero Heat Fund (SHNZHF) to support energy efficiency initiatives [9]. - Improve data collection on clean heat and energy efficiency to inform investment decisions [10]. - Explore blended financial models and financial guarantees to facilitate investment in retrofitting [11]. Overview of the Sector - Scotland's social housing landscape includes 26 local authorities and 138 Registered Social Landlords (RSLs), managing a diverse range of properties [14][15]. - The capital expenditure plans of landlords focus on transitioning to net zero while maintaining affordable housing [17][18]. Challenges to Retrofit - Key challenges include the need for clarity on net zero requirements, limits on borrowing, and competing capital resource demands [20][21]. - Social landlords face constraints in funding and must balance investment returns with the need to keep rents affordable [22][24]. Model Analysis and Prioritisation - Twelve models were developed and assessed based on criteria such as additionality, applicability, and tenant impact [24][25]. - The report identifies priority models for immediate action, including an enhanced SHNZHF and financial aggregator models [28][29]. Conclusion - The report concludes that innovative financial models and strengthened support mechanisms are essential for advancing the decarbonisation of Scotland's social housing [36].

Core Insights - The report emphasizes the importance of asset sharing principles for public organizations to enhance efficiency and address financial challenges in the current fiscal environment [3][4] - It highlights the need for a collaborative approach in asset sharing, focusing on maximizing existing assets before considering new investments [15][17] - The report outlines specific principles for asset sharing, including location-based methods, collaborative approaches, and cost-sharing mechanisms [5][9][20] Summary by Sections Asset Sharing Principles - Asset sharing is crucial for public organizations to improve service delivery and reduce costs, especially under budget constraints [4][20] - The principles aim to create a systematic approach to asset sharing, focusing on operational assets rather than those for economic development [4][21] Location-Based Approach - A location-based method should be adopted to ensure the right assets are used in appropriate places, enhancing local outcomes and attracting private investment [5][6] - Guidelines have been developed to assist organizations in implementing this location-based approach [5] Collaborative Approach - A collaborative method is essential for defining goals, benefits, and creating a unified business case for asset sharing [9][11] - Organizations should engage in data collection, funding identification, and governance arrangements to facilitate effective collaboration [9][10] Maximizing Existing Assets - The report stresses the importance of maximizing the use of existing assets before considering new investments, as outlined in the Scottish Government's Infrastructure Investment Planning [15][17] - Asset sharing can lead to improved service delivery efficiency and better utilization of public assets [15][17] Cost Sharing - Cost-sharing among organizations is deemed fair and necessary, with transparency in reflecting the full lifecycle costs of shared assets [20][23] - Specific sub-principles for cost-sharing include equitable distribution of operational costs and long-term costs associated with asset use [20][25] Strategic Integration - The report advocates for a more strategic and integrated approach to public asset use, which can lead to cost savings and support net-zero goals [29] - Strong leadership, change management, and effective communication are identified as key enablers for successful asset sharing [29]

Investment Rating - The report does not explicitly provide an investment rating for the Strategic Heat Network industry Core Insights - The Strategic Heat Network Development route-map is a draft document aimed at assisting local authorities in developing large-scale heat networks, building on existing Local Heat and Energy Efficiency Strategies [1][2] - The route-map serves as a template for local authorities to adapt according to their specific needs and governance, facilitating decision-making in the complex landscape of heat network infrastructure [3][4] - The Heat Network Support Unit, sponsored by the Scottish Government, is a key partner in this initiative, collaborating with Scottish Futures Trust and Zero Waste Scotland [5] Summary by Sections Introduction - The document introduces a draft route-map developed by Scottish Futures Trust and Zero Waste Scotland to support local authorities in the Strategic Heat Network Support pilot [1] Purpose and Use - The route-map is intended to help local authorities navigate the complexities of strategic heat network infrastructure design and delivery, and is a work in progress [3][4] Process Overview - The route-map outlines a structured process for local authorities, including key stakeholder activities and milestones, to develop and implement heat networks [8] - It emphasizes the importance of tailoring the approach to local circumstances and iteratively revising the process based on emerging learnings [4] Key Stages and Objectives - The report details a phased approach with specific objectives for each stage, including gaining approval, establishing a strategic vision, and finalizing contracts [8] - Each phase is designed to engage relevant stakeholders and ensure alignment with local objectives and opportunities [8] Engagement and Collaboration - The route-map highlights the need for collaboration among various stakeholders, including executive teams, finance, legal, and potential off-takers, to ensure successful project delivery [8]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report emphasizes the importance of asset sharing among public sector organizations to enhance efficiency and address budgetary pressures [3][4] - It outlines four high-level principles for effective asset sharing, which include a place-based approach, a collaborative approach, maximizing the use of existing assets, and sharing costs [5][7][13][22][28] Summary by Relevant Sections 1. Place-Based Approach - A place-based approach should be adopted to ensure the right assets are utilized in appropriate locations [7] - Investment in public infrastructure can enhance local areas and attract private investment, promoting better outcomes for communities [8] 2. Collaborative Approach - A collaborative approach is essential for identifying objectives and co-producing business cases [13] - Organizations should work together throughout the asset sharing process, from initial ideas to operational delivery [14][15] 3. Maximizing Use of Existing Assets - The principle of maximizing existing assets is prioritized, with a focus on sharing before considering new assets [22][25] - The Scottish Government's Infrastructure Investment Plan encourages the use of existing assets to improve service delivery and achieve broader outcomes [23][26] 4. Sharing Costs - Organizations should agree on a fair and transparent approach to share the costs associated with asset usage [28] - The report suggests three sub-principles for cost-sharing: no profit or loss from sharing, sharing running costs, and sharing future costs [28][35][37] 5. Strategic and Integrated Approach - Asset sharing promotes a more strategic and integrated use of public sector assets, potentially reducing overall asset bases and costs [42] - Surplus assets can be redeveloped to meet various policy objectives, enhancing community benefits [43][44]

Investment Rating - The report does not explicitly state an investment rating for the EV charging infrastructure industry in Scotland Core Insights - The EV charging infrastructure in Scotland is experiencing significant growth, with over 6,100 charge points and more than 11,000 connectors currently available, of which 54% are operated by the private sector [15][13][14] - The report highlights the importance of collaboration between public and private sectors to enhance the EV charging network and meet future demands [126][127] - The Scottish Government aims to transition to a commercially viable model for EV charging, emphasizing the need for private sector involvement [217][218] Summary by Sections Current Landscape - Scotland has over 6,100 charge points, with 54% operated by the private sector and a strong growth forecast in the next 12-18 months [15][13] - The majority of the charging estate consists of slow and fast destination charging points, with nearly 74% categorized as such [14] Public Sector Perspectives - The Glasgow City Region is collaborating among eight local authorities to enhance EV charging infrastructure, with a focus on a managed service model [60][71] - The region has a population of approximately 1.84 million, representing about one-third of Scotland's economic activity [71] - Key milestones include a £3.5 million EV Infrastructure Fund grant and the appointment of technical consultants for project support [76][100] Private Sector Perspectives - The report emphasizes the need for attractive contracts for Charge Point Operators (CPOs) to stimulate investment and ensure a reliable network [295][296] - Collaboration and clear communication between local authorities and CPOs are essential for successful project implementation [336][337] Industry Panel Discussion - The industry panel discussed the importance of a well-maintained network and the need for a balanced risk profile between local authorities and CPOs [312][313] - The report highlights the necessity of realistic KPIs and service level agreements to ensure the sustainability of the EV charging infrastructure [324][325] Future Opportunities - The report identifies opportunities for expanding the EV charging network, particularly in urban areas where off-street parking is limited [224][225] - The anticipated investment in the South of Scotland's EV infrastructure is projected to be around £27.92 million, with significant contributions from local authorities [226][227]

Investment Rating - The report does not provide a specific investment rating for the industry Core Insights - Public Interest Directors were established to enhance transparency in companies involved in NPD projects and to safeguard non-profit distributing attributes [1] - Public Interest Directors and Independent Directors are appointed by SFT and have public interest duties in addition to their responsibilities under the Companies Act [2] Summary by Relevant Sections - **Public Interest Directors**: Created to protect NPD principles and ensure transparency in project delivery [1] - **Appointment Process**: Directors are nominated by SFT and appointed by the companies, with their duties outlined in the Articles of Association [2] - **Current Appointments**: A list of current Public Interest Directors and their respective projects is provided, including names and associated companies [3]

Investment Rating - The report does not provide a specific investment rating for the industry. Core Insights - The Concession Contract is designed to facilitate the provision of public electric vehicle (EV) charging infrastructure, with the Concessionaire responsible for the Installation Works and Services as specified in the contract [6][22]. - The Authority will provide a Capital Grant to the Concessionaire, which may be adjusted based on project requirements [24]. - The contract includes a KPI Framework to evaluate the performance of the Concessionaire, with penalties for KPI Failures and provisions for Relief and Compensation Events [35][36]. Summary by Sections Definitions and Interpretation - Key terms such as "Concessionaire," "Authority," "Existing Equipment," and "New Equipment" are defined to clarify roles and responsibilities within the contract [11][17]. Concession Period - The Concession Contract will be effective from the Commencement Date and will continue until the expiry of the Concession Period or termination due to specific events [22]. Funding - The Concessionaire is responsible for funding the Installation Works and Services, with the Authority providing a Capital Grant subject to terms outlined in the contract [24]. Equipment - The Authority warrants ownership of the Existing Equipment but does not guarantee its condition [25]. Installation Works - The Concessionaire must carry out Installation Works in accordance with the agreed proposal and necessary consents [26]. Services - The Concessionaire is required to perform Services as specified in the contract, adhering to the KPI Framework [29]. Tariffs - Tariffs for the use of the Equipment will be established for the first year and adjusted in subsequent years based on the contract terms [30]. Concession Fees - The Concessionaire will pay a Concession Fee and a Revenue Share to the Authority as part of the contract [31]. Records, Monitoring, and Review - The Concessionaire must maintain accurate records and provide monthly reports to the Authority for monitoring purposes [32]. KPI Framework and Relief Events - The contract outlines the process for handling KPI Failures, including the application of Service Credits and the conditions under which Relief Events may be claimed [35][36].

Investment Rating - The report does not provide a specific investment rating for the public EV charging infrastructure industry. Core Insights - The Concession Contract is designed to facilitate the provision of public EV charging services, with the Authority granting the Concessionaire the right to exploit these services in exchange for a Concession Fee and Revenue Share [14][41]. - The Concessionaire is responsible for funding all elements of the Installation Works and Services, with the Authority providing a Capital Grant subject to certain conditions [34][3]. - The contract includes a comprehensive KPI Framework to ensure service quality, with penalties for failures and provisions for relief and compensation events [46][12]. Summary by Sections Concession Period - The Concession Contract will commence on the Commencement Date and will remain in effect until the earliest of specified termination events [32][33]. Funding - The Authority will pay a Capital Grant to the Concessionaire, which may be adjusted based on project needs [34][3]. Equipment - The Authority guarantees title to Existing Equipment, which will transfer to the Concessionaire on the Handover Date [35][4]. Installation Works - The Concessionaire must carry out Installation Works in compliance with Necessary Consents and as specified in the contract [37][6]. Services - The Concessionaire is required to provide services in accordance with the KPI Framework and necessary consents [40][8]. Tariffs - Tariffs for the first year of the Concession Period will be set, with subsequent years determined by a specified process [40][9]. Concession Fees - The Concessionaire will pay a Concession Fee and a Revenue Share to the Authority as detailed in the contract [41][10]. Records, Monitoring, and Review - The Concessionaire must maintain accurate records and provide monthly reports to the Authority [43][11]. KPI Framework - The KPI Framework outlines standards for service delivery, with penalties for failures and provisions for relief events [46][12].

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies involved in the electric vehicle charging sector. Core Insights - The tariff regime for electric vehicle charging will apply uniformly to all charge points of the same charging speed during the contract term, with specific provisions for tariff increases [1]. - Any increase in current tariffs must not exceed the average cost published by RAC Charge Watch or an agreed independent data source by more than 10% for similar charging speeds [2]. - The total cost of charging includes the service fee, peak cost of electricity, revenue share, profit share, concession fee, and VAT, all expressed in p/kWh [3]. Summary by Sections Tariff Review - The concessionaire must notify the authority at least 10 working days in advance of any planned tariff increases, providing supporting evidence for compliance with specified tests [1]. - The service fee is capped and must be reasonable, with the cap indexed to a specified percentage of a stated index [3]. Cost Breakdown - The peak cost of electricity is defined as the costs evidenced by the concessionaire on an open book basis, while the service fee encompasses all costs for providing services excluding electricity costs [3]. - A worked example illustrates the calculation of tariffs, showing current tariffs for fast and rapid charging and proposed amendments based on benchmark rates [4].