The revenue funded project model has been in place now for almost 20 years within the UK and accordingly there are a large number of mature and successful projects in the market. Inevitably these have been seen as good long investments for entities such as pension funds and other long term investors due to the regular and steady income they produce. Accordingly there has long been an active secondary market for such investors to buy projects from the original sponsors who often want to utilise their financial resources in new ventures.

Our team has long been involved in acting for clients as both sellers and purchasers of mature projects. The team's wide ranging experience of projects acting for the public sector, sponsors and funders ensures that we have a full understanding of the processes and issues that arise in such transactions including:

• Diligence on the active project to establish areas of risk and uncertainty
• The often complex requirements for consents from the various parties involved and the need to address or revise corporate structures that were often established purely for the needs of the original investors or bid structure
• The key requirements to ensure continuity of strong delivery and effective management of projects throughout the project term