There’s often a misconception that once a Private Finance Initiative (PFI) is signed, there’s little that can be done with it. However this is a somewhat shortsighted assumption – we’re helping our clients unlock value in their existing PFIs.
In 2020/21, the public sector is set to spend over £9 billion through PFIs. It’s for this reason that in recent years, PFIs have come under an increased level of scrutiny, often being questioned if they deliver good value to the public purse, both in terms of the cost of such initiatives and the quality of service these arrangements offer.
In the next ten years, the public sector will see an increase in expiry activity, resulting in significant constraints on market capacity. This will impact the ability to manage transitions effectively. Further to this, inadequate planning will result in reduced value for money caused by rushed decision making and activities.
We have the in-depth end-to end capability and deliver specialist support to help you minimise these risks and drive value from your PFIs. Our thorough reviews identify any financial efficiencies and/or income that can be delivered, highlight any delivery standards that can be optimised and, where PFI contracts are due to expire, can provide the detailed plans you need for successful and efficient transition.