Insurer provides £104m loan to West Yorkshire Police Authority
Aviva Commercial Finance has helped to fund the building of two new West Yorkshire Police Authority divisional headquarters, custody suites and a specialist operational training facility.
The insurer provided the loan of more than £104m of senior debt to West Yorkshire PFI Operational Training and Accommodation Ltd, which has been awarded the contract to design, build, finance and service the new West Yorkshire facilities.
The consortium is led by construction and support services specialists Interserve and Equitix, the infrastructure investor and developer.
Planning permission has been secured for all three facilities, and construction is due to commence in June 2012, with the first facility coming in online in December 2013.
The new divisional headquarters and custody facilities will be located in Leeds and Normanton. The new specialist operational training centre will be located next to the force’s operational support division at Carr Gate in Wakefield and will include state of the art firearms training ranges, public order and driver training facilities.
Aviva commercial finance director Kevin Sale said: “We’re really pleased to have been able to extend our lending to the police sector on this project, working together with West Yorkshire Police Authority, Interserve and Equitix to provide three valuable police facilities for this community. Aviva Commercial Finance provides long term, fixed rate debt across a number of sectors and this scheme represents a good long-term investment for Aviva and our customers.”
West Yorkshire Police Sir Norman Bettison said: “These fantastic facilities will enable us to deliver an even better service which is flexible and responsive to the needs of local people, supporting the drive to continue to improve public confidence and user satisfaction.”
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