3 Ps in a Pod

The UK’s Defence Investment Plan (DIP) has promised to take a “partnership” approach, working with the private sector to deliver the infrastructure needed. However, details on the exact role and nature of private finance remain scant.

The team pick through the DIP and ask what it might mean for the industry. They consider:
How an Andy Burnham leadership could impact future investment in defence and beyond - 8:35
How the DIP could create new PPP opportunities in space - 11:48
Using private finance to deliver a combination of both military and civilian projects - 16:00
What comes next? - 17:52

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Anton Steshenko, an academic at the Robert H. Smith School of Business, at the University of Maryland, explains the thinking behind his latest paper, advocating a new approach to small scale infrastructure initiatives that could unlock significant private capital by aggregating projects.

Speaking to editor Paul Jarvis, he discusses:
The theory behind the ‘Hybrid Institutional Capital Model’
Learnings from the Connecticut Green Bank, Montgomery County Green Bank, and the UK Green Investment Bank - 6:46
The sectors that could benefit from an aggregated approach - 10:29
The difficulties facing successful aggregation - 18:43

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James Stewart joins 3Ps in a Pod for a discussion around some of the key learnings for the PPP market in the UK. He picks out some main points from his review into HS2, before going on to consider how major projects and a future PPP programme might avoid the pitfalls of the past.

He also explores:
Tackling gold-plating on public projects - 4:53
Tackling negative behaviours in operational contracts - 11:07
The prospect for new PPP projects in the UK - 15:20
What is needed to deliver a new programme of PPPs - 18:06

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After years of waiting, UK infrastructure agency NISTA looks set to establish a Conflict Avoidance Forum. But what will the industry think? Is it too late, and will parties want to engage with the process at this stage?

The team also cover progress on the development of a new model for the UK market.

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Lord Heseltine tells the story of the birth of the European Space Agency. Why post-Apollo, when the US was spending £1.2 billion a year on space, the whole of Europe was spending just £200 million. Why the birth of ESA was driven by the self-interest of three major countries. Why the US general with a $29 billion budget for the Star Wars project wanted to invest in Heriot-Watt University in Edinburgh. Why, the idea that Britain could compete alone with the technologies that were accumulated and available to the American capitalist system was “simply laughable”. Why “being European is not selling out British interests”. And why Margaret Thatcher told him: “If you want to get on and put your budget into this, you can, but you're not getting any of mine."

Join Alice and Lord Heseltine as they pick apart the negotiating contrivances and the wheeling and dealing to circumnavigate “turkeys not voting for Christmas” that ultimately put European space on the map.

Contributors:
Alice Bunn, President of UKspace
Dr Alice Bunn OBE FIMechE FRAeS CEng | LinkedIn
UKspace: Overview | LinkedIn

Lord Heseltine, Member of the House of Lords

Key topics covered:

Creation of the European Space Agency (ESA)
US "Star Wars" program and brain drain
Geopolitical case for European R&D collaboration
Impact of Brexit on science and technology

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