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Private Finance Initiative

Written parliamentary question to the Secretary of State for Communities and Local Government

Monday, October 13th, 2014
Source: 
Hansard

Simon Kirby: To ask the Secretary of State for Communities and Local Government, what the total private finance initiative liabilities of his Department are for the next 20 years; and if he will make a statement.

Kris Hopkins: The Department does not have any PFI projects of its own but does provide support to local authority PFI projects through the revenue support grant system. 

The Coalition Government has strongly emphasised securing value for money from PFI including savings through its Operational Savings Programme. This Department has achieved programme savings of £497 million since 2010 from projects during procurement and savings from operational PFI projects of £33 million.

Details of local authority sponsored PFI projects can be found on the government website at the following link: https://www.gov.uk/government/publications/private-finance-initiative-projects=2013-summary-data. 

This currently provides information as at 31st March 2013 but will be updated shortly with data as at 31st March 2014.