The New Horizons consortium, which includes Morgan Sindall Investments, has submitted its final bid for the Blackpool Borough Council’s Building Schools for the Future (BSF) scheme.

Under the scheme, all eight of Blackpool’s secondary schools and three special schools will be replaced or remodelled. The preferred bidder announcement will be made in the summer, with financial close scheduled for late 2010. All going to plan, the first new schools will open by 2012.

Operis was engaged to provide financial model due diligence services for the consortium and the funder.

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