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    WHAT IS PFI? Since 1992 and to the present day the Private Finance Initiative (“PFI”) has been used to finance and operate public sector projects. Under PFI, the Government takes out a loan through a private company (a “PFI Company”) who then build and manage a project. The PFI Company then charges the public sector a repayment fee each year for the loan and any services they provide. There are now 700 PFI projects around the UK including for schools, hospitals, prisons and motorways. There is now a compelling body of evidence that the costs of these deals outweigh the […]
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