PwC advised the East Sussex County Council on the theprivately funded initiative between the council and HGB, a large constructiongroup.
Nigel Middleton, head of PFI advisory services at PwC said: ‘The completion ofthis deal, with which PwC has been involved since the first stages, is furtherproof of the validity of the PFI process in delivering new education facilitiesfor local authorities.’
The deal was completed on 31 March 2000 and will lead to the construction of abrand new secondary school, the reconstruction of three primary schools andsubstantial refurbishment to a fourth primary school.
The community-based PFI schools project is the first of its kind to becompleted. The project will take place in the East Sussex town of Peacehaven.The PFI project is the first in a series of forthcoming initiatives involvingconstruction and refurbishment in schools in England.
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
The Top 20 firm has recently advised J S Wright, the mechanical and electrical building services specialist
Promotions have been made in the private clients tax team and corporate business team