Concessio Canonical ID
GB40P0005146
Registry Preview
Overview
Capital value
£104.64m
HMT 2025
Expiry
2041
15 years remaining
Unitary charge
£12.77m
FY 2026-27
Deep Scan
Investment ThesisLocked
PSBP - North East is an operational Private Finance Initiative social infrastructure concession in the United Kingdom, with 15 years remaining to the 2041 contract end — grantor DfE, operated by Gt Neps Limited.
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Public Registry Fields
General Information
Display format
GB-40-P-000514-6
Country
United Kingdom (GB)
Sector
Social Infrastructure (40)
Family
Social
Structure
PFI/PF2 (P) · Private Finance Initiative
Grantor
DfE
Operator
Gt Neps Limited
Operations start
28 Dec 2015
Contract end
31 Aug 2041
Capital value
£104.64m (HMT 2025)
Unitary charge (2026-27)
£12.77m
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Contract Economics
Financial Terms & ClausesLocked
| Term | Value | Price base | Period | As of |
|---|---|---|---|---|
| Unitary charge (annual) | £12.77m | Nominal · outturn | FY 2026-27 | HMT 2025 · verified |
| Indexation basis | ||||
| Availability deductions | ||||
| Performance deductions | ||||
| Market testing / benchmarking | ||||
| Termination compensation | ||||
| Change in law | ||||
| Handback provisions |
Locked rows show the standard UK PFI project agreement term set tracked by Concessio; extracted values render as they are verified against primary sources. Full clause text and citations are available in the app.
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Sector-Benchmarked
Operating KPIsLocked
| Metric | Latest | Period | Sector percentile | Coverage |
|---|---|---|---|---|
| Concession period (years) | 25.7 | — | 65th |
registry |
| Capital value | £104.64m | 2025 | 80th |
HMT annual · public |
| Availability (%) | ||||
| Deductions (% of UC) | ||||
| Lifecycle spend vs plan (%) |
Percentile bars show this concession's position against Social Infrastructure benchmark cohorts in the registry (largest cohort n=1,517). Interquartile band shaded. Locked rows show the standard KPI set for this asset class — series and percentile placement unlock in the app.
Counterparties
Parties & ContactsPartial
Grantor
DfE
Department for Education (DfE) · United Kingdom
Operator / SPV
Gt Neps Limited
Company No. 09305175
In the full profile
Management service co.
Hard FM provider
Senior lenders
Financial adviser
Legal adviser
Diligence Signals
Risk & CounterpartyLocked
Diligence signals
3 tracked
contractual · market · political
Grantor election exposure
Disputes & precedent
The full risk register covers counterparty credit, political cycle, regulatory determinations and dispute history for concessions in this class.
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Public Record
FAQs
Who is the grantor of this concession?
The grantor on file is DfE.
Who operates PSBP - North East?
The operator on record is Gt Neps Limited.
When does the concession expire?
The contract end on file is 31 Aug 2041 — 15 years remaining.
What is the unitary charge?
The unitary charge for FY 2026-27 is £12.77m per the HM Treasury 2025 return. The full indexed schedule is available in the platform.
What is the capital value?
£104.64m per the HM Treasury 2025 return.
Transparency
Data & Sources
How this entry is verified
Reconciled against HM Treasury PFI/PF2 2025 summary data. View the gov.uk publication →
How Concessio sources data
Records are extracted from primary public sources — regulatory filings, government disclosures and official registries — and cross-checked before entering the platform. Every published datum carries its source citation in the app.