1-20 of 6,160 results for subject:"Private finance initiative"
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To ask the Secretary of State for Education, what assessment they have made of the adequacy of government funding for Private Finance Initiative schools in the constituency of Slough.
To ask the Secretary of State for Education, what assessment they have made of the adequacy of government funding for Private Finance Initiative schools in the constituency of Slough.
The department supports Private Finance Initiative (PFI) contracts through the funding arrangements agreed when contracts were signed. This includes revenue support grant funding (RSG) paid to local authorities over the contract term. RSG funding forms part of the overall affordability package for these projects, alongside contributions from local authorities and schools.
Further support is provided through the schools national funding formula PFI factor, and Slough will receive £1.1 million in the 2026/27 financial year through the PFI factor.
The department works with local authorities to assess affordability, determine appropriate levels of support and review PFI factor funding.
To ask the Secretary of State for Education, what recent discussions she has had with schools operating under Private Finance Initiative contracts on the adequacy of funding available for school meals.
To ask the Secretary of State for Education, what recent discussions she has had with schools operating under Private Finance Initiative contracts on the adequacy of funding available for school meals.
The department has a dedicated Private Finance Team which regularly engages with schools and responsible bodies on issues arising from Private Finance Initiative (PFI) contracts, including funding pressures where relevant.
There are currently 637 PFI schools in England. Most are covered by contracts procured and managed by local authorities, and the department does not hold information on whether catering services are included within those contracts.
The department's five most recent privately financed school contracts, covering 46 schools, were procured under the PF2 model and do not include catering services.
The department supports PFI schools through both Revenue Support Grant funding for local authority-managed contracts and the PFI Factor within the National Funding Formula. In addition, the department's Private Finance Team provides advice and assistance to schools and responsible bodies on issues arising during the lifetime of PFI contracts and as contracts approach expiry.
To ask the Secretary of State for the Home Department, which organisation will replace MHCLG when it vacates the 2 Marsham Street offices for the Government Offices Great George Street; and what are the potential implications for the PFI liabilities of the Home Office for Marsham Street.
To ask the Secretary of State for the Home Department, which organisation will replace MHCLG when it vacates the 2 Marsham Street offices for the Government Offices Great George Street; and what are the potential implications for the PFI liabilities of the Home Office for Marsham Street.
The "Plan for London" (PfL) will see a number of departments relocating to 2 Marsham Street enabled by MHCLG's move. Detailed planning is underway and will result in more efficient use of government property, creating opportunities to maximise synergies and collaboration across departmental boundaries. Home Office is enabling PfL by consolidating, thereby reducing its PFI liabilities.
To ask the Secretary of State for Housing, Communities and Local Government, what steps his Department is taking to support Birmingham City Council in managing the potential financial implications of the cancellation of the Birmingham Highways PFI contract.
To ask the Secretary of State for Housing, Communities and Local Government, what steps his Department is taking to support Birmingham City Council in managing the potential financial implications of the cancellation of the Birmingham Highways PFI contract.
As part of the statutory intervention that commenced in October 2023, Commissioners continue to support Birmingham City Council’s improvement and recovery. My department regularly engages with both the Council and Commissioners, in line with standard practice, alongside receiving regular updates on progress, including on the Council’s financial sustainability and any specific financial pressures faced by the council.
Arrangements relating to the Birmingham Highways PFI contract are led by the Department for Transport. This government has taken significant steps to support councils financially, including Birmingham City Council, through the Fair Funding Review 2.0. The Local Government Finance Settlement has made up to £2,090m available in Core Spending Power for Birmingham City Council in 2028-29, which means that under this government Core Spending Power will increase by 45% from 2024-25 to 2028-29.
To ask the Secretary of State for Housing, Communities and Local Government, what discussions his Department has had with the Birmingham City Council Commissioners on the potential financial impact of the cancellation of the Birmingham Highways PFI contract.
To ask the Secretary of State for Housing, Communities and Local Government, what discussions his Department has had with the Birmingham City Council Commissioners on the potential financial impact of the cancellation of the Birmingham Highways PFI contract.
As part of the statutory intervention that commenced in October 2023, Commissioners continue to support Birmingham City Council’s improvement and recovery. My department regularly engages with both the Council and Commissioners, in line with standard practice, alongside receiving regular updates on progress, including on the Council’s financial sustainability and any specific financial pressures faced by the council.
Arrangements relating to the Birmingham Highways PFI contract are led by the Department for Transport. This government has taken significant steps to support councils financially, including Birmingham City Council, through the Fair Funding Review 2.0. The Local Government Finance Settlement has made up to £2,090m available in Core Spending Power for Birmingham City Council in 2028-29, which means that under this government Core Spending Power will increase by 45% from 2024-25 to 2028-29.
To ask the Secretary of State for Transport, whether she plans to publish her Department’s most recent decision letter regarding the Final Business Case for the Birmingham Highways PFI contract.
To ask the Secretary of State for Transport, whether she plans to publish her Department’s most recent decision letter regarding the Final Business Case for the Birmingham Highways PFI contract.
The letter from DfT officials will be deposited in the House of Commons Library.
To ask the Secretary of State for Transport, what assessment she has made of the potential impact of the cancellation of the Birmingham Highways PFI contract on Birmingham City Council’s capital spending requirements.
To ask the Secretary of State for Transport, what assessment she has made of the potential impact of the cancellation of the Birmingham Highways PFI contract on Birmingham City Council’s capital spending requirements.
The Government is committed to working with the Council to achieve a successful transition away from its PFI arrangements alongside progress with the Council’s financial management and recovery.
To support this, the Department for Transport has put in place future funding arrangements for Birmingham’s local highways. Starting this financial year, funding for the Council’s local highways will be provided via the West Midlands Combined Authority’s Integrated Settlement. For 2026/27, we will uplift the Combined Authority’s Integrated Settlement by £17 million, which was calculated using the Department’s local highways maintenance funding formula.
Councils are responsible for their own capital spending requirements. Nonetheless, the Department has collaborated with the Ministry of Housing, Communities and Local Government on the Council’s transition away from its PFI to help ensure alignment with MHCLG’s work with the Council regarding its financial management and recovery.
To ask the Secretary of State for Transport, whether her Department has made an estimate of the cost to Birmingham City Council of retendering contracts for highways services following the cancellation of the Birmingham Highways PFI contract.
To ask the Secretary of State for Transport, whether her Department has made an estimate of the cost to Birmingham City Council of retendering contracts for highways services following the cancellation of the Birmingham Highways PFI contract.
The Government is committed to working with the Council to achieve a smooth transition away from its PFI arrangements for its local highways.
To support this, the Department has put in place future funding arrangements for Birmingham’s local highways. Starting this financial year, funding for the Council’s local highways will be provided via the West Midlands Combined Authority’s Integrated Settlement. For 2026/27, we will uplift the Combined Authority’s Integrated Settlement by £17 million, which was calculated using the Department’s local highways maintenance funding formula.
The Department has engaged the Council on its future plans for managing its local highways. However, procuring a new long-term contract for its local highways services is the Council’s responsibility.
To ask the Secretary of State for Transport, whether her Department has made an assessment of the potential impact of the cancellation of the Birmingham Highways PFI contract on Birmingham City Council’s financial sustainability.
To ask the Secretary of State for Transport, whether her Department has made an assessment of the potential impact of the cancellation of the Birmingham Highways PFI contract on Birmingham City Council’s financial sustainability.
The Government is committed to working with the Council to achieve a successful transition away from its PFI arrangements alongside progress on improving the Council’s financial sustainability.
To support this, the Department for Transport has put in place future funding arrangements for Birmingham’s local highways. Starting this financial year, funding for the Council’s local highways will be provided via the West Midlands Combined Authority’s Integrated Settlement. For 2026/27, we will uplift the Combined Authority’s Integrated Settlement by £17 million, which was calculated using the Department’s local highways maintenance funding formula.
The Department has collaborated with the Ministry of Housing, Communities and Local Government on the Council’s transition away from its PFI to help ensure alignment with MHCLG’s work with the Council regarding its financial management and recovery.
To ask the Minister for the Cabinet Office, pursuant to the answer of 4 June 2026, to Question 426, what is the status of the Private Finance Initiative contract with Exchequer Partnerships for the HM Treasury buildings and services at 1 Horseguards Road; how long the PFI contract has left...
To ask the Minister for the Cabinet Office, pursuant to the answer of 4 June 2026, to Question 426, what is the status of the Private Finance Initiative contract with Exchequer Partnerships for the HM Treasury buildings and services at 1 Horseguards Road; how long the PFI contract has left...
The PFI which delivers building management and services to HM Treasury at 1 Horse Guards Road is in operation until 18/11/2037. On expiry of the PFI the building freehold returns to the Government to manage and operate the building. This process will be managed through the Government Property Agency who are the public body responsible for managing the PFI as Contract Authority.
To ask the Secretary of State for Health and Social Care, how much NHS trusts in England spent in total on interest payments relating to Private Finance Initiative contracts in each of the last five financial years.
To ask the Secretary of State for Health and Social Care, how much NHS trusts in England spent in total on interest payments relating to Private Finance Initiative contracts in each of the last five financial years.
The information requested is not held centrally. Trust accounts data is published online, along with a breakdown of the Unitary Charge payments, including interest payments, at the following link:
https://www.england.nhs.uk/financial-accounting-and-reporting/nhs-providers-tac-data-publications/
To ask the Secretary of State for Health and Social Care, how many NHS trusts in England spent more on repayments under Private Finance Initiative contracts than on medicines in the most recent financial year for which figures are available.
To ask the Secretary of State for Health and Social Care, how many NHS trusts in England spent more on repayments under Private Finance Initiative contracts than on medicines in the most recent financial year for which figures are available.
The information requested is not held centrally. Annual payments, which include facilities management services, under Private Finance Initiative contracts are published annually by the National Infrastructure and Service Transformation Authority, at the following link:
https://www.gov.uk/government/publications/pfi-and-pf2-projects-2024-summary-data
Expenditure on medicines is held by NHS England.
To ask the Secretary of State for Health and Social Care, what assessment his Department has made of the potential impact of private finance initiatives on NHS services in Surrey Heath constituency.
To ask the Secretary of State for Health and Social Care, what assessment his Department has made of the potential impact of private finance initiatives on NHS services in Surrey Heath constituency.
Operational health private finance initiatives (PFI) contracts are held by individual trusts. The last PFI contract was signed in 2015.
As announced at the Autumn Budget, the Department is supporting the National Infrastructure and Service Transformation Authority to develop the new Public Private Partnership (PPP) model for neighbourhood health centres (NHCs). The new NHC PPP model will build on lessons from the past, including the National Audit Office’s 2025 report on private finance and other models currently in use. We are not bringing back PFI.
The new PPP model is about delivering the infrastructure to support the delivery of neighbourhood services, and we are not using the private sector to deliver the National Health Service clinical services that will be delivered from these centres.
The need for NHCs will be locally driven and will recognise what already exists and where additional provision or a new combination of services is needed. Any new PPP model will need to demonstrate value for money and affordability.
To ask the Chancellor of the Exchequer, what data (a) her department and (b) NISTA holds on the number of PFI contracts which are due to expire in each of the next three years; and what guidance has been given to central government on PFI expiry and next steps.
To ask the Chancellor of the Exchequer, what data (a) her department and (b) NISTA holds on the number of PFI contracts which are due to expire in each of the next three years; and what guidance has been given to central government on PFI expiry and next steps.
HM Treasury publishes aggregate information on PFI and PF2 projects annually, including data on contract expiry dates.
NISTA has published guidance for contracting authorities on managing PFI contract expiry and next steps.
The health PFI programme between 1992 and 2015 delivered 126 new acute facilities for the NHS, and over £12 billion of investment in the estate. NHS PFI contracts are held by individual trusts, and the National Infrastructure and Service Transformation Authority publishes annual data on them, including the costs of all those PFI projects. The last PFI contract was signed in 2015. We are not bringing back PFI; we are bringing forward a new public-private partnership model that will draw on lessons learned from the past, to ensure that we deliver the commitments of our 10-year plan.
The health PFI programme between 1992 and 2015 delivered 126 new acute facilities for the NHS, and over £12 billion of investment in the estate. NHS PFI contracts are held by individual trusts, and the National Infrastructure and Service Transformation Authority publishes annual data on them, including the costs of all those PFI projects. The last PFI contract was signed in 2015. We are not bringing back PFI; we are bringing forward a new public-private partnership model that will draw on lessons learned from the past, to ensure that we deliver the commitments of our 10-year plan.
What assessment his Department has made of the potential impact of private finance initiatives on the NHS.
Alder Hey children’s hospital NHS foundation trust in my constituency faces significant financial pressure due to its private finance initiative deal. That is because over 50% of its total PFI payment is going towards interest charges, with Alder Hey still owing £380 million by 2045 for the PFI investment of £189 million. That is nearly £200 million being drained out of Alder Hey over the next two decades, because of the now discredited PFI system. That money should be spent on making sick children better. What assessment has the Department made of the potential impacts of the use of PFI to fund the recently announced neighbourhood health centres?
Alder Hey children’s hospital NHS foundation trust in my constituency faces significant financial pressure due to its private finance initiative deal. That is because over 50% of its total PFI payment is going towards interest charges, with Alder Hey still owing £380 million by 2045 for the PFI investment of £189 million. That is nearly £200 million being drained out of Alder Hey over the next two decades, because of the now discredited PFI system. That money should be spent on making sick children better. What assessment has the Department made of the potential impacts of the use of PFI to fund the recently announced neighbourhood health centres?
My hon. Friend highlights an important example, where something is clearly not going well. The Department is working with the team at Alder Hey to help rectify some of those problems. That is why we will not be using that PFI model in future. We have learned those lessons and we will take forward a new PPP model for our neighbourhood health service that will transform care for people in his constituency and across the country.