Best Project Finance Lawyers in Havant

About Project Finance Law in Havant, United Kingdom

In Havant, project finance follows the broader English and Welsh legal framework for commercial transactions, with a strong emphasis on SPVs (special purpose vehicles), off-take arrangements, and lender protections. A typical Havant project uses an SPV to isolate project assets and liability from sponsors, enabling lenders to assess risk on a project-by-project basis. UK solicitors and licensing regimes guide you through contract drafting, security packages, and covenant negotiation, alongside planning and environmental approvals.

English law provides a familiar structure for project finance deals, including contract law, company law, and securities law. Local familiarity with Hampshire planning authorities can streamline the regulatory aspects of execution. For reliable guidance, refer to official UK government resources and professional bodies that outline standard forms, due diligence expectations, and regulatory requirements.

“The UK infrastructure market relies on SPV structures and standardised procurement processes to manage risk across complex projects.”

Key authorities in Havant and nationally provide official frameworks, procurement guidance, and practical checklists for project finance deal flow. See the Infrastructure and Projects Authority and GOV.UK for authoritative standards and updates.

Infrastructure and Projects Authority (IPA) and GOV.UK are essential starting points for government-backed guidelines on project delivery, procurement routes, and contract frameworks in the UK.

Why You May Need a Lawyer

Engaging a solicitor or legal counsel early in a Havant project can prevent costly delays. Below are concrete scenarios where project finance expertise is essential in this locality.

• A Havant-based developer forms an SPV to build a 20 MW solar park in Hampshire and needs strong shareholder agreements, loan documentation, and security packages with multiple lenders.
• A Hampshire County Council energy project requires a bespoke PPA, EPC contract, and performance covenants. A solicitor coordinates contract risk and ensures compliance with public procurement rules.
• A port or logistics facility near Portsmouth seeks senior debt financing for capex, with intercreditor agreements and hedging arrangements that must align with lender requirements and local regulatory standards.
• A mature wind project in the South East plans a refinancing or debenture issue. A lawyer reviews existing security, covenants, and potential waterfall structures to optimise returns for sponsors.
• A major infrastructure upgrade in Havant involves multi-jurisdictional lenders and EPC contractors. Legal counsel negotiates change control, warranties, and supply chain risk allocations across contracts.
• Local planning and environmental approvals create contingencies in the project timetable. A solicitor coordinates environmental impact assessments, planning conditions, and compliance reporting to avoid delays.

Local Laws Overview

Project finance in Havant is influenced by a set of national statutes that shape how SPVs are formed, how major infrastructure is approved, and how financing readers interact with regulators. The following laws and regimes are particularly relevant to Havant projects:

Companies Act 2006

This Act governs the incorporation, duties, and corporate governance of UK companies, including SPVs used in project finance. It covers members and directors duties, share structures, and filing obligations with Companies House. The Act has been implemented progressively since 2006, with most sections fully in force by 2009-2010.

For reference, see the official legislation page: Companies Act 2006 - legislation.gov.uk.

Planning Act 2008 (NSIPs regime)

The Planning Act 2008 established the regime for nationally significant infrastructure projects (NSIPs), including energy, transport, and water infrastructure. The regime provides a streamlined process for applications, examinations, and deemed consents for large scale projects, with specific timetable expectations and consultation requirements.

For more detail, consult: Planning Act 2008 - legislation.gov.uk.

Infrastructure Act 2015

The Infrastructure Act 2015 introduced reforms to consenting and delivery pathways for major infrastructure projects. It supports the development of pipeline projects and related procurement arrangements, complementing the NSIP framework for large schemes. Parts of the Act came into force progressively after enactment in 2015.

Primary source: Infrastructure Act 2015 - legislation.gov.uk.

Frequently Asked Questions

What is project finance in simple terms?

Project finance is a funding model where lenders look at the project’s cash flows rather than the sponsors' balance sheets. A dedicated SPV holds assets and debt, with lenders secured by project contracts and assets.

How do I start a project in Havant with legal counsel?

Identify the project type, assemble core documents, and appoint a local project finance solicitor. The lawyer will draft the SPV agreements and help with lender due diligence.

What is an SPV and why is it used in project finance?

An SPV is a separately incorporated entity created to own project assets and liabilities. It isolates risk and simplifies lender assessment of project performance.

How long does a typical Havant project finance deal take?

From initial due diligence to loan closing, expect 8 to 20 weeks for straightforward, domestic projects. Complex or cross-border deals can take longer.

Do I need a solicitor to form the SPV?

Yes. A solicitor ensures correct share structure, governance documents, and precise filings with Companies House and tax authorities.

What is a PPA and when is it needed?

A Power Purchase Agreement is a contract with an offtaker for the project’s output. It is central to revenue certainty in energy projects and lender confidence.

How much does a project finance lawyer typically cost in Havant?

Fees vary by transaction size and complexity. Expect hourly rates in the region of £200-£500 for mid-sized matters, plus out-of-pocket costs.

What is the difference between project finance and corporate debt?

Project finance relies on project cash flows and SPV security, whereas corporate debt looks at overall sponsor credit and company assets.

What covenants do lenders usually require?

Lenders typically require debt service covenants, reserve accounts, intercreditor agreements, and performance guarantees tied to project milestones.

How can I find a local Havant lawyer with project finance experience?

Search for Hampshire-based firms with a dedicated project finance practice, check client references, and request a written engagement proposal before signing.

What is the timeline for planning permission in Havant for a major project?

Major projects follow NSIP or local planning routes, with typical statutory periods of 8-16 weeks for initial determinations, subject to consultations and objections.

Can I refinance an existing Havant project to lower costs?

Yes. Refinancing can optimise debt terms, but requires careful covenant review, valuation, and security realignments with lenders.

Is government support available for infrastructure financing in Havant?

The UK government provides various channels, including the UK Infrastructure Bank and national procurement frameworks, to support infrastructure investment.

Additional Resources

• Infrastructure and Projects Authority (IPA) - Official UK government body providing project delivery guidance, procurement frameworks, and contract standardisation. ipa.gov.uk
• UK Infrastructure Bank - Government-backed institution that supports infrastructure financing and delivery. gov.uk/uk-infrastructure-bank
• Havant Borough Council - Local planning authority governing planning permission, building control, and local regulatory requirements for Havant projects. havant.gov.uk

Next Steps

1. Clarify project scope and preferred SPV structure. Decide whether a Hampshire-based SPV best serves tax and permitting goals. (1-2 weeks)
2. Gather initial documents for due diligence. Include draft contracts, permits, grid/Ofgem approvals, and key site information. (1-2 weeks)
3. Identify local planning and regulatory requirements with Havant Borough Council. Obtain planning status and anticipated timetable. (2-4 weeks)
4. Consult a local project finance solicitor to assess documentation needs and risk allocations. Request a written engagement letter and fee estimate. (1 week)
5. Draft and negotiate the core project documents: SPV shareholding agreements, debt facility agreements, security packages, and off-take contracts. (3-6 weeks)
6. Present lender due diligence materials and address any gaps in covenants or warranties. Prepare for a potential term sheet and closing checklist. (2-4 weeks)
7. Execute the agreement and plan post-closing monitoring, reporting, and compliance with ongoing regulatory requirements. (1-2 weeks post-closing)