Mutual Investment Model (MIM)
The Mutual Investment Model (or MIM for short) is revolutionising the way public infrastructure is built and maintained in Wales.
As a relatively new concept in the construction world, you need lawyers who have experience of the intricacies involved in the model, who have a solid understanding of the process, who can approach your project with confidence and can advise you quickly; a team who can hit the ground running.
We’re proud to say that our experts were heavily involved in Wales’ first-ever MIM project – the £590 million Heads of the Valleys A465 road expansion scheme. We’re also advising several of our other clients on MIM schemes – all at various stages of the process.
If you’re looking for legal advice on a MIM scheme, do not hesitate to get in touch with us.
What is MIM?
Designed by the Welsh Government, MIM aims is to improve public services by financing major public projects and supporting additional investment in social and economic infrastructure.
Working in partnership with private contractors, the Welsh Government pays a fee to cover the cost of construction, maintenance and financing the project. At the end of the contract, the asset transfers into public ownership.
During the construction phases of the projects, the Welsh Government works with the private contractors to help create apprenticeships and traineeships to benefit local communities.
See more about MIM on the Welsh government website.
