Search results for 'Infrastructure finance'

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  2. Financial management in government: insights and good practice

    Work in progress

    Autumn 2024

    The Financial and Risk Management insights team are producing a series of guides aimed at senior finance decision-makers across all of our audited bodies. Our guides will showcase strategic-level insights outlining areas where good financial management can unlock greater efficiency and resilience, as well as practical ways organisations can make improvements.

  3. Managing flood risk

    Report Value for money

    Published on:

    This report evaluates whether government’s approach to managing the risks of flooding and coastal erosion is achieving value for money.

  5. NAO Interactive Data Visualisation on PFI contract expiry – survey results

    Report Interactive visualisation

    Published on:

    Last updated – 28 May 2020 Introduction to the topic This online publication provides results of a survey we conducted with public sector authorities (authorities) and which forms part of the evidence base of the NAO’s report on Managing PFI assets and services as contracts end. This report provides information on how public authorities manage […]

  7. PFI and PF2

    Report Value for money

    Published on:

    A briefing on the rationale, costs and benefits of the Private Finance Initiative; the use of and impact of PFI, and ability to make savings from operational contracts; and the introduction of PF2. There are currently over 700 operational PFI and PF2 deals, with a capital value of around £60 billion and annual charges for these deals amounted to £10.3 billion in 2016-17. Even if no new deals are entered into, future charges which continue until the 2040s amount to £199 billion.

    18 January 2018

  8. The Green Investment Bank

    Report Value for money

    Published on:

    This examines whether the Department for Business, Energy & Industrial Strategy has achieved the objectives of the UK Green Investment Bank intervention, and whether UK Government Investments has achieved value for money in the subsequent sale of the Bank.

  9. Review of the Thames Tideway Tunnel

    Report Value for money

    Published on:

    This report examines the evidence base supporting the decision to proceed with the Thames Tideway Tunnel, a tunnel running 25 kilometres from Acton to Abbey Mills, as well as progress achieved to date.

  10. Hinkley Point C

    Report Value for money

    Published on:

    The Department has committed electricity consumers and taxpayers to a high cost and risky deal in a changing energy marketplace. We cannot say the Department has maximised the chances that it will achieve value for money.

  12. UK Guarantees scheme for infrastructure

    Report Value for money

    Published on:

    Under the Scheme, the Treasury guarantees that lenders to infrastructure projects will be repaid in full and on time, irrespective of project performance. The NAO is calling for the Treasury to be rigorous and objective in assessing whether the guarantees, which transfer risk to the public sector, are genuinely needed.

  13. Review of the VFM assessment process for PFI

    Report Value for money

    Published on:

    The Treasury Committee asked the National Audit Office to undertake an analysis of the VFM assessment process and model for PFI. The assessment process combines a quantitative and qualitative approach to VFM appraisal. Our review focused, primarily, on the use of the financial model in the VFM assessment process and was submitted to the Treasury Committee as part of their inquiry into PF2.

  16. Infrastructure investment: the impact on consumer bills

    Report Value for money

    Published on:

    Large-scale infrastructure spending by the private sector over ten years or more will increase consumer utility bills but government and regulators do not know by how much or whether the bills will be affordable.

  17. Oversight of three PFI waste projects

    Report Value for money

    Published on:

    All three projects examined by the NAO have experienced significant delays stemming from a range of problems.

  18. Maintaining strategic infrastructure: roads

    Report Value for money

    Published on:

    The lack of predictability of funding for highways authorities has practical implications for road networks and may lead to increased costs in the long term.

  19. Capital funding for new school places

    Report Value for money

    Published on:

    The Department has increased funding for new school places, but there are indications of real strain, with 256,000 new places still needed by 2014/15.

  20. Early contracts for renewable electricity

    Report Value for money

    Published on:

    The Government awarded, without competition, £16.6 billion worth of early contracts to eight renewable generation projects at risk of investment delay.