Cornerstone, the developer set up by former Partnerships for Schools head Tim Byles, will look to use existing frameworks to help speed up the delivery of projects it does in partnership with local authorities.
Byles set up Cornerstone with former Carillion boss John McDonagh and former Capita chief Sir Rod Aldridge with further backing from contractors Bouygues, Morgan Sindall and Willmott Dixon.
Its business model is based on identifying the £17bn of surplus assets owned by public bodies and using them to bring projects to market for which there is a pressing social need, such as schools and social housing.
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