Meet the local authorities flushed with PFI housing cash

Over the course of this year, PFI grants will be distributed to various local authorities.

According to the Department for Communities and Local Government, these grants will be used to refurbish council housing, aid the construction of council and housing association buildings, renew neighborhoods and regenerate estates.

So which local authorities will be receiving the most in PFI grants in 2015-2016?

PFI Special Grants

You can also see the data visualised on our interactive map. Click here or on the image below. Then click on the red dots to see the individual figures for local authorities.

PFI housing grants across the UK
PFI housing grants

Continue reading Meet the local authorities flushed with PFI housing cash

Which hospitals are spending more of their budget on PFI?

The Peterborough City Hospital was built under a Private Finance Initiative contract. Over the course of the 33-year scheme, the Trust is expected to pay back £2bn in charges.
The Peterborough City Hospital was built under a Private Finance Initiative contract. Over the course of the 33-year scheme, the Trust is expected to pay back £2bn in charges. Credit: Davecrosby uk / Wikimedia Commons

Peterborough and Stamford Hospitals is the NHS Trust that spent the highest percentage (18%) of its annual income on Private Finance Initiative (PFI) charges last year.

The trust has found itself in a dire financial situation in recent times.

It has been left struggling with a £37 million annual deficit after using PFI to build the new Peterborough Hospital.

The 611-bed facility opened in November 2010 at an initial cost of £289 million. However, by the end of the 33-year life of the scheme, its total cost is expected to rise to £2bn.

As a National Audit Office (NAO) report noted, “the trust board had failed to recognise that the scheme would place considerable strains on the trust’s finances for many years to come”.

Continue reading Which hospitals are spending more of their budget on PFI?

Snapshot of the figures and facts behind PFI

The world of PFI can be quite data-heavy, with figures thrown about by politicians and activists alike.

In the spirit of simplicity, we’ve created a visual chart with some of the key figures behind PFI.

Click on the image or this link to view the complete infographic.

Untitled

We mainly got these facts from Drop NHS Debt and government figures. Here is the list of other sources:

FT: The hospital which bought out its PFI contract.
New Statesman: Trusts will make repayments of £2bn in 2015
The Independent: Barts NHS Trust in £93m debt.
The Guardian: up to 300 new PFI schools under Michael Gove

The history of Private Finance Initiative in the UK – a timeline

Click on the image for an interactive version of the timeline
Click on the image for an interactive version of the timeline

 

Who introduced the Private Finance Initiative in the UK? What was the first public facility to be built under this funding model?

All these questions, and many others, are answered in a timeline that will guide you through the 23-year-long history of PFI in the UK.

Click here or on the image above to access the full interactive timeline with videos of speeches and original documents.

Alternatively, you can find the content of the timeline below in written form.

Continue reading The history of Private Finance Initiative in the UK – a timeline