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.

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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

Beyond Britain: how do other countries use PFI?

The 8-mile long Confederation Bridge linking New Brunswick, Canada with Prince Edward Island. Opened in 1997, it was the first Canadian public facility to be built with a Private Finance Initiative contract.
The 8-mile long Confederation Bridge linking New Brunswick, Canada with Prince Edward Island. Opened in 1997, it was the first Canadian public facility to be built with a Private Finance Initiative contract. Credit: Chensiyuan / Wikimedia Commons

First seen in Britain in the early 1990s, Private Finance Initiative has reached far beyond its natural boundaries over the years.

With projects active in France, Spain, Portugal, Japan, Nigeria among many others, we can safely say that few countries have resisted the lure of PFI.

Going by the names PPP or P3, it may not be referred to by the same term.

The underlying principle, however, is the same: infrastructure projects are financed, built and maintained by the private sector against annual payments from public authorities.

Here we give an overview of how three countries (France, Japan and Canada) have developed PFI policies.

Continue reading Beyond Britain: how do other countries use PFI?

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

Meet the investment firms that own your PFI-funded public schools and hospitals

Jersey: PFI heaven
The Channel Islands Connection: some of the largest investment firms providing funds for PFI schemes have found refuge in the tax havens of Jersey and Guernsey

 

The use of Private Finance Initiative for the provision of large-scale projects has often brought public bodies on the verge of bankruptcy.

But the public sector’s losses must have been someone else’s gain naturally.

Private equity firms, in particular, invited to provide funds and become stakeholders in the projects, have largely profited from their involvement in PFI.

Continue reading Meet the investment firms that own your PFI-funded public schools and hospitals