Have your say on government e-petitions

Reform the Private Finance Initiative to get better value for money for the taxpayer

Submitted on Wednesday 21st December 2011

Published on Thursday 22nd December 2011

Current status: Closed

Closed: Saturday 22nd December 2012

Signatures: 2

Tagged with

Money ~ NHS ~ Schools ~ Tax

Petition Action

Reform the Private Finance Initiative to get better value for money for the taxpayer

Additional Information

The Private Finance Initiative is used to pay for major projects that have no public funds to pay for them. Hospitals, Schools and Toll Roads have been built using the scheme. The scheme works on the basis of getting the school or hospital now and paying for it gradually over next 20, 30 years.

Because private investors stump up the cash these projects cost a premium but the scheme allows this because the risk isn't with the tax payer. However the Imitative is in need of reform and private investors are adding a significant premium when they risk they have is very low.

The agreements under the current framework have been criticised for delivering poor value for money for the taxpayer. And for the lack of power or ability to renegotiate of Schools or NHS Trusts when things change.


You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus

repetition.me is a Good Stuff website

3.238.225.8 Thu, 18 Aug 2022 20:27:58 +0100