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NHS: Private Finance Initiative

Written parliamentary question to the Secretary of State for Health

Wednesday, November 2nd, 2016
Source: 
Hansard

Sharon Hodgson: To ask the Secretary of State for Health, how many NHS Private Finance Initiative schemes have been signed since 2010.

Philip Dunne: Total future National Health Service Private Finance Initiative (PFI) payments in 2010 totalled £73.4 billion. Since 2010, four such hospital schemes have reached financial close. Three of these were PFI schemes at an advanced stage when the Coalition Government came into office in 2010. The fourth (Sandwell & West Birmingham), was approved under the new Government’s reformed Private Finance 2 (PF2) model announced in the 2012 Autumn Statement.

 

Details of these are shown in the following table.

 

NHS Trust

Capital Value £m

Financial Close/Tender award date

Alder Hey Children's NHS Foundation Trust (formerly Royal Liverpool Children's)

237

21 March 2013

Royal Liverpool and Broadgreen University Hospitals NHS Trust

450

13 December 2013

Papworth Hospitals NHS Foundation Trust (Cambridge)

165

12 March 2015

Sandwell and West Birmingham Hospitals NHS Trust (PF2)

340

11 December 2015

 

 

You may wish to know that HM Treasury publishes data on all PFI schemes and you can find more information on these on their website at:

 

https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2015-summary-data