Barking, Havering and Redbridge University Hospitals NHS Trust: Private Finance Initiative

Department of Health and Social Care written question – answered at on 21 March 2018.

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Photo of Wes Streeting Wes Streeting Labour, Ilford North

To ask the Secretary of State for Health and Social Care, what assessment he has made of trends in the levels of PFI payments to made by the Barking, Havering and Redbridge University Hospitals NHS Trust over the next two decades.

Photo of Steve Barclay Steve Barclay Minister of State (Department of Health and Social Care)

The Unitary Charge payments for the new Queen’s Hospital (formerly Oldchurch hospital in Romford), for each year over the next two decades and up until the final payment in financial year 2039-40, are provided in the table below.

The data is from the 2016 Private Finance Initiative (PFI) data summary sheet on the Treasury’s website. The Unitary Charge revenue payment figures include not just the financing costs (debt repayment and interest) for initial construction but also the costs of all the other services such as building maintenance and support services (cleaning, catering, portering etc.) provided over the lifetime of the contract. The payments are subject to meeting agreed performance and quality standards and include an annual uprate assumption for inflation.

Financial Year

Estimated Unitary Charge Payment (£ million)

2017-18

59.6

2018-19

60.8

2019-20

62.0

2020-21

63.2

2021-22

64.8

2022-23

66.4

2023-24

68.1

2024-25

69.8

2025-26

71.5

2026-27

73.3

2027-28

75.1

2028-29

77.0

2029-30

78.9

2030-31

80.9

2031-32

82.9

2032-33

85.0

2033-34

87.1

2034-35

89.3

2035-36

91.5

2036-37

93.8

2037-38

96.2

2038-39

98.6

2039-40

80.0

Further information relating to all PFI projects in the National Health Service and social care in England, including that for the new Queen’s Hospital, is available on the Treasury’s website, via:

https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2016-summary-data

The health sector schemes are marked “Department of Health” and then “DH-Acute (i.e. Hospitals)”. The new Queen’s Hospital has I.D number 284.

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