Private Finance Initiative Scheme

Photo of John Hemming

John Hemming (Birmingham, Yardley, Liberal Democrat)

To ask the Chancellor of the Exchequer what calculations are performed to compare the costs of a private finance initiative scheme with traditional funding schemes from public sector borrowing.

Photo of John Healey

John Healey (Financial Secretary, HM Treasury; Wentworth, Labour)

The required analysis for comparing whether a given project would be value for money using PFI compared with conventional funding is laid out in the Value for Money Guidance and the accompanying Quantitative User Guide, published in August 2004. These can be found on the HM Treasury website at: partnerships/key_documents/ppp_keydocs_vfm.cfm


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