Department of Health: Private Finance Initiative
(asked on 25th October 2016) - View Source
Question to the Department of Health and Social Care:
To ask the Secretary of State for Health, how many Private Finance Initiative contracts have been signed by his Department since 2010.
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: