Value Capture: A Valid Means of Funding PPPs?

Financial Accountability & Management, Forthcoming

Posted: 7 Nov 2014 Last revised: 26 Feb 2016

See all articles by Ciaran Connolly

Ciaran Connolly

Queen's University Belfast

Anthony Wall

University of Ulster

Multiple version iconThere are 2 versions of this paper

Date Written: November 6, 2014

Abstract

This paper considers the use of value capture (VC) as a means of financing public-private partnerships (PPPs) in the United Kingdom (UK). Although some VC techniques are used in the UK, they are employed more widely in the United States of America. After considering the traditional approach to financing UK PPPs, this paper describes the main VC finance instruments. The findings of a series of case studies are then presented and conclusions drawn. While VC financing may prove unpopular with those bearing the cost of infrastructure improvements, it is recommended that such instruments are considered by UK policy makers.

Keywords: value capture, public-private partnerships, infrastructure improvements

JEL Classification: M4

Suggested Citation

Connolly, Ciaran and Wall, Anthony, Value Capture: A Valid Means of Funding PPPs? (November 6, 2014). Financial Accountability & Management, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2519989

Ciaran Connolly (Contact Author)

Queen's University Belfast ( email )

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Anthony Wall

University of Ulster ( email )

Shore Road
Newtownabbey BT37 0QB, Northern Ireland
United States
02890366024 (Phone)

HOME PAGE: http://www.ulster.ac.uk/

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