Department of Health and Social Care: Private Finance Initiative

Department of Health and Social Care written question – answered on 6th November 2018.

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Photo of Chris Ruane Chris Ruane Shadow Minister (Wales)

To ask the Secretary of State for Health and Social Care, what estimate he has made of his Department's projected spend on PFI contracts in 2028.

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

For the financial year 2028/29 the total of estimated Private Finance Initiative (PFI) unitary payments for those projects in the Hospitals and Acute Health sector is £2.52 billion (or £2,515,600,000).

Information on the estimated revenue payments for the lifetime of each PFI contract can be found on HM Treasury’s website at the following link:

https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2017-summary-data

Future estimated annual PFI unitary payments for each year of a PFI contract are subject to meeting agreed performance and quality standards, contractual variations agreed between the parties, and include an annual increment for inflation, the impact of which can vary between schemes depending on the contract provisions for when it is actually applied during the year.

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