Search results for 'Private finance'

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  1. Private finance for infrastructure

    Insight Lessons learned

    Published on:

    The aim of this National Audit Office report is to support public bodies as they consider how to finance new public infrastructure. 

  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 […]

  8. 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

  11. 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.

  14. Equity investment in privately financed projects

    Report Value for money

    Published on:

    Equity investors have helped to deliver many public sector infrastructure projects via the Private Finance Initiative and have managed them in ways from which the public sector can learn. Against a background of limited information, evidence gathered by the National Audit Office raises concern that the public sector is paying more than it should for equity investment.

  15. Investigation into the government’s handling of the collapse of Carillion

    Report Value for money

    Published on:

    On 15 January 2018, Carillion declared insolvency and the Official Receiver, an employee of the Insolvency Service, started to liquidate its assets and contracts. This report focuses on the role of the UK government in preparing for and managing the liquidation of Carillion.

  16. Savings from operational PFI contracts

    Report Value for money

    Published on:

    Progress on the Government’s initiative to achieve £1.5 billion worth of savings from operational PFI contracts.

  17. Procurement of the M25 private finance contract

    Report Value for money

    Published on:

    The Highways Agency’s PFI contract to widen the M25 could have been better value for money. The slowness with which it was taken forward resulted in higher financing costs, and the Agency was slow to investigate a potentially cheaper alternative to widening.

  18. Private Finance Projects

    Report Value for money

    Published on:

    This paper has been prepared for the House of Lords Economic Affairs Committee to support their inquiry on Private Finance.

  19. Private Finance Recommendations Database

    Report

    Published on:

    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.