Councils need to invest in their buildings and equipment and highways so that people can continue to receive high-quality local services.

 

Local authorities receive central government funding for a major part of their capital investment in the form of capital grants. They can also use income from their own capital assets to finance capital spending.

 

The Prudential system encourages local authorities to invest in the capital assets that they need to improve their services. It allows them to raise finance for capital expenditure without government consent as long as they can afford to service the debt out of their revenue resources

 

Working with the University of York, we have developed a simple to use, world class information platform (GRP2), that is revolutionising highways asset management. It has already assisted clients to secure over £130 million of additional investment primarily via the Prudential system and is currently underpinning business cases for over £250 million. Gaist aim to help Councils secure over £1 Billion of additional investment by 2017 using this technology.

 

The Gaist GRP2 system is the only system that has the advanced technological toolsets, developed in collaboration with industry experts, to manage the complex data and modelling required to provide instantaneous long terms strategies in a user friendly and intuitive way.

 

We work with our clients to understand their data and the implications of different investment scenarios so that they may make a robust business case for the management of their infrastructure, allowing them to maintain their assets to the best standard possible whilst minimising costs and waste.

 

Using our advanced Financial and Deterioration Models, we can provide our clients with instant insight, that was not previously available to them.