May 2023

Vercity achieve two wins and a Highly Commended at Partnerships Awards!

At the flagship industry event, Vercity picked up three awards, winning SPV Management Company of the Year, and ESG Project of the Year for Re-circulate, in collaboration with InfraRed Capital Partners Ltd and Bouygues Energies & Services (UK), as well as a Highly Commended Best Operational Defence Project for Northwood Headquarters.

The Partnerships Book of the Night summarised the Vercity and collaborative partner awards as below:

SPV Management Company of the Year

2022 marked Vercity’s 25th anniversary, having rebranded in 2021. The company recently introduced three new and unique innovations: collaborative handback; meaningful ESG; and accredited inclusivity.

In 2021, Vercity launched its Project Exit service, embedding handback into its SPV management to support successful expiry transitions. For the last two years, it has measured the ESG performance of its SPV management services through World Economic Forum standards and has also partnered with the National Centre for Diversity (NCfD) to establish its FREDIE Principles (Fairness, Respect, Equality, Diversity, Inclusion & Engagement), achieving Investors in Diversity accreditation in 2021, which it views as fundamental to high quality SPV management services.

“The judges recognised Vercity as a well-rounded business with a wider social consciousness baked into its objectives. Its efforts to prepare clients for PPP contract handback were also seen to be important.”

Partnerships Bulletin, May 2023

Environmental, Social, Governance Project of the Year, Re-Circulate

The Re-Circulate Initiative is a collaboration between Bouygues E&S Solutions, InfraRed and Vercity which helps facilitate a ‘circular economy’ within their portfolios by sourcing unwanted products (bicycles, digital equipment and other non-consumable items, including items upgraded during lifecycle programmes), and upcycling them in a way that benefits clients, their staff and the communities that use their facilities.

“The judges viewed this as a great example of what can be achieved by working as a collective and making small changes for a big impact.”

Partnerships Bulletin, May 2023

Best Operational Defence Project – Highly Commended – Northwood Headquarters

The judges found the project to be a good example of collaborative working, delivering value and efficiencies in a critical and secure environment, with the ability to react quickly to emergencies. The social outreach programme was also lauded, as was the change management and partnership culture.

At the event

On the night, Vercity CEO Richard Hoare also presented Lorna Ball of ARUP the Leading Woman in Infrastructure prize, pictured below with awards presenter and comedian Zoe Lyons.

Congratulations to the team and our highly valued collaborative partners involved in the work and the award submissions which led to a successful year, and thank you to Partnerships Bulletin for another wonderful evening!

Partnerships Awards 2023 full details and Book of the Night available here.

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