PF2 - NEW Private Finance Initiative
5 December 2012
Reports are saying that in today's Autumn Statement George Osborne will launch an updated version of Private Finance Initiative (PFI) called Private Finance 2 (PF2).
The new PF2 initiative will provide a £1.75bn programme to build and refurbish 219 schools as well as the next generation of hospitals and roads. According to the FT, companies will have to disclose their annual profits from such deals for the first time. It will mean the Government is entitled to take an equity stake in project companies, which will give it a seat on the board and a share of profits.
For more on this story see Government Opportunities