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The Mutual Investment Model

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Mark Drakeford, Cabinet Secretary for Finance and Local Government
A partnership between the Welsh Government and the private sector to deliver infrastructure schemes in Wales.

The Mutual Investment Model (MIM) is an innovative way to invest in public infrastructure developed in Wales. MIM has been designed by the Welsh Government to finance major capital projects due to a scarcity of capital funding.

The MIM will support additional investment in social and economic infrastructure projects and help to improve public services in Wales.

MIM schemes will see private partners build and maintain public assets. In return, the Welsh Government will pay a fee to the private partner, which will cover the cost of construction, maintenance and financing the project.

At the end of the contract the asset will be transferred into public ownership.

During the construction phases of the projects, private partners will help the Welsh Government create apprenticeships and traineeships to benefit local communities.

Mutual Investment Model schemes

In spring 2017 the Cabinet Secretary for Finance and Local Government, Mark Drakeford announced the government’s intention to undertake 3 schemes using the MIM in 2018:

  • redevelopment of Velindre Cancer Centre, Cardiff
  • work to complete the dualling of the A465 from Dowlais Top to Hirwaun
  • additional investment in Band B of the 21st Century Schools Programme.

These schemes will comprise new investment in public infrastructure with a capital value of over £1bn.

For further information, email MIMMailbox@gov.wales.