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Private Finance

The NAO's Private Finance team has produced over 80 reports (since 1997) scrutinising activities including Private Finance Initiatives (PFIs) and Public Private Partnerships (PPPs), privatisations and acquisitions. The reports cover individual deals and programmes and thematic issues such as financing and tendering.

The team has also explored good practice through events, including an annual conference, workshops and regular meetings with stakeholders.

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Latest reports in this sector

Advice, guidance and tools

In addition to formal reports to Parliament, we also produce a range of other outputs from our financial audit and VFM work. Examples include:

A Framework for evaluating the implementation of Private Finance Initiative projects

This current best practice model sets out six functions used to manage complex capital investment programmes, the tasks associated with each, what good looks like, and case studies of how Departments are currently implementing them.

Full Report

Managing complex capital investment programmes utilising private finance

We have published this model to provide guidance to Departments on HMT’s and NAO’s expectations of how they should manage their programmes involving PPP and PFI projects.

Full report

Private Finance Recommendations Database

Reports produced by the House of Commons' Committee of Public Accounts (the PAC) following hearings based on our PFI and PPP investigations include nearly 1000 recommendations.

We have collected these recommendations and the related Treasury responses into a PFI and PPP/Privatisation Recommendations database last updated: 19/06/2009.