15 July 2003
PFI: Meeting the Investment Challenge
'PFI: Meeting the Investment Challenge' explains the PFI (Private Finance Initiative) programme’s role in the delivery of the Government’s investment plans for public services.
The document explains the Government’s approach to PFI based on clear limits on its appropriate use and a rigorous assessment of value for money with no bias in favour of any particular procurement route. Presenting the results of research conducted into the performance of PFI, and outlining the steps already taken to improve the programme through building the partnership between public sector client and private contractor, the document also outlines the steps the Government has taken to ensure that PFI’s value for money is not obtained at the cost of employees’ terms and conditions.
Finally, it proposes further improvements to the Government’s process for assessing value for money, its systems for delivering projects and its ability to capture efficiently the benefits of private finance. This document is concerned only with the Government’s PFI programme, and not other forms of public private partnership (PPP). Its policy proposals have direct effect only in England, as policy on PFI is devolved in Scotland, Wales and Northern Ireland.
The document is available below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page .
PDF file of PFI: Meeting the Investment Challenge (600kb)
Public Private Partnerships / Private Finance Initiative index page
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