Lessons from PFI and other projects - Public Accounts Committee Contents


Written evidence from Infrastructure UK, HM Treasury

At the PAC hearing Lessons from PFI and other projects the Committee asked HM Treasury for a factual note on the relative value for money of the PFI option compared to the public sector comparator at moment of the decision, and on the tax expectations held at the time.

RESPONSE FROM HM TREASURY

The attached document provides the information held by HM Treasury on the PFI projects which were approved or conditionally approved by the Project Review Group. These records cover the period from January 2005 to March 2010. The Project Review Group was a cross-departmental body, chaired by the Treasury, responsible for approving PFI Credit funding provided by departments to local authorities. The attached data is at the date of the Outline Business Case for each project. No new centrally funded local authority projects have been approved since March 2010. The funding arrangements for local PFI projects were changed at last year's spending review and the functions of the PRG since have been transferred into the central Treasury approval process.

The information shows the percentage by which the value for money of the privately financed option exceeded that of the public sector comparator.

The data held for these projects is at the time of the Outline Business Case. The final project documentation, including information about tax expectations, is not held by Treasury and therefore cannot be provided.
Date of PRG Meeting DepartmentLocal Authority ProjectVfM of PFI vs. PSC
18-Mar-10Home Office WYPAWYPA Operation and Training Accommodation Project 3.51%
18-Mar-10Home Office Avon and Somerset Police Authority Avon & Somerset Police Accommodation Project 3.56%
16-Mar-10CLG Staffordshire Fire and Rescue Staffordshire Fire and Rescue Service PFI 2 4.73%
16-Mar-10DfT Birmingham City Council Birmingham Highways Management and Maintenance PFI Project (Additional Credits) 16.41%
16-Mar-10DEFRA North London Waste Authority Residual Waste and Fuel Use Project Waste services, 7.2%, Fuel Use 5.8%
16-Feb-10CLG Stoke-on-Trent City Council Extra Care Housing PFI 4.14%
16-Feb-10DfT Isle of Wight council Isle of Wight highways Maintainence 13.68%
16-Feb-10DH Leeds City Council Holt Park Wellbeing Centre 4.14%
17-Nov-09DFT London Borough of Hounslow Hounslow Highways Maintainence 9.37%
20-Oct-09DEFRA Essex County Council and Southend-on-Sea Borough Council Essex Waste Management Partnership PFI 7.50%
21-Jul-09DfT Nottingham City Council Nottingham Express Transit (Phase 2) 10.40%
21-Jul-09CLG Kent County Council Kent Excellent Homes for All 5.00%
19-May-09DEFRA Solihull MBC, Coventry City Council and Warwickshire County Council Project Transform 9.60%
19-May-09CLG London Fire & Emergency Planning Authority London Fire Brigade Property PFI Project 6.00%
31-Mar-09DfT Sheffield City Council Sheffield Highways Maintenance 12.40%
17-Mar-09DEFRA Norfolk County Council Norfolk County Council Residual Waste Treatment Project (Contract B) 6.94%
17-Mar-09DEFRA Hertfordshire County Council Hertfordshire Primary Waste Project (PWP) 14.70%
17-Mar-09DEFRA London Boroughs of Croydon, Merton, Sutton and Royal Borough of Kingston South London Waste Partnership 14.39%
17-Feb-09DEFRA Greater Manchester Greater Manchester Waste Disposal Authority 18.44%
17-Feb-09DEFRA Kingston Upon Hull & East Riding of Yorkshire Councils Hull & East Riding of Yorkshire Waste PFI 14.20%
18-Nov-08Home Office Gloucestershire Police Authority Gloucestershire Police Divisional Headquarters 3.25%
18-Nov-08Defra Milton Keynes Council & Northamptonshire County Council Joint Residual Waste Management Project 14.80%
21-Oct-08Defra Gloucestershire County Council Gloucestershire Waste Project 20.00%
21-Oct-08CLG (Housing) London Borough of Brent Brent non-HRA Housing and Social Care PFI Project 2.60%
21-Oct-08CLG (Housing) Salford City Council Pendleton HRA Housing PFI Scheme 9.43%
30-Sep-08DfT Harrow CouncilHarrow Street Lighting Project 16.80%
16-Sep-08Defra Leicestershire County Council Leceistershire Waste 11.45%
16-Sep-08Defra Plymouth City Council, Torbay Council, Devon County Council South West Devon Waste Partnership 8.60%
15-Jul-08DfT Cambridgeshire County Council (CCC) and Northamptonshire County Council (NCC) Cambridgeshire and Northamptonshire Street lighting PFI Project Capital Expenditure: Cambs: 8.25%, Northants 6.97%; Lifecycle: Cambs: 8.26% and Northants: 3.82%; Operating Costs: Cambs: 9.82% and Northants: 7.38%.
15-Jul-08DEFRA Staffordshire County Council (SCC) Staffs Waste (W2R) 22.97%
15-Jul-08DEFRA Collaboration between Gateshead Council, South Tyneside Council, Sunderland City Council South Tyne & Wear Waste PFI 25.11%
17-Jun-08CLG Collaboration between Cumbria, Lancashire & Merseyside Fire & Rescue Authorities North West Fire & Rescue Services PFI Project 4.70%
17-Jun-08CLG North TynesideOlder People Homes for the Future (HRA) 7.34%
20-May-08CLG Suffolk County Council Suffolk Fire and Rescue 8.18%
25-Mar-08DEFRA LeedsWaste 12.30%
25-Mar-08DfT KnowsleyStreet Lighting 5.47%
25-Mar-08DEFRA BradfordWaste 21.75%
25-Mar-08DEFRA Suffolk County Council Waste7.95%
18-Mar-08CLG WokingHousing 5.05%
18-Mar-08CLG LeedsHousing 12.00%
18-Mar-08DEFRA Barnsley, Doncaster & Rotherham Waste19.93%
18-Mar-08CLG GloucesterFire 8.30%
18-Dec-07DfT Coventry City Council Coventry Street Lighting 9.37%
18-Dec-07DfT Croydon and Lewisham Croydon and Lewisham Street Lighting 18.80%
18-Dec-07CLG Manchester City Council Manchester Collyhurst HRA Housing 7.23%
18-Dec-07DfT Hampshire County, Southampton City and West Sussex County Councils South Coast Street Lighting 14.20%
18-Sep-07DfT Blackpool Council Blackpool Streetlighting 10.50%
18-Sep-07DfT Sheffield City Council Sheffield Streetlighting 10.10%
18-Sep-07DfT Nottingham City Council Nottingham Streetlighting 15.90%
18-Sep-07DfT Birmingham City Council Birmingham Highways Maintenance 16.41%
18-Sep-07DfT Rochdale Metropolitan Borough Council and Oldham Metropolitan Borough Council Rochdale and Oldham Streetlighting 4.55% (Oldham) and 7.56% (Rochdale)
23-Jul-07DCSF Sandwell Metropolitan Borough Council Sandwell Building Schools for the Future - Phase 1 (BSF Wave 3) 3.80%
23-Jul-07DEFRA North Yorkshire County Council and City of York Council York and North Yorkshire Waste PFI 10.10%
23-Jul-07DCSF Derbyshire County Council Derbyshire Building Schools for the Future (BSF Wave 3) 3.50%
23-Jul-07CLG Nottingham City Council Bulwell Joint Service Centre 10.33%
15-May-07CLG Manchester City Council Manchester Brunswick HRA Housing PFI 10.20%
17-Apr-07DEFRA Merseyside Waste Disposal Authority Waste Management Project 13.10%
17-Apr-07CLG Stoke on Trent & Staffordshire Fire Rescue Authority Community Fire Stations 10.43%
17-Apr-07DfT Cumbria County Council Carlisle Northern Development Relief Route 8.50%
20-Mar-07DH East EussexEast Sussex Age Well Project 12.00%
20-Mar-07CLG Oldham Metropolitan Borough Council Oldham Gateways HRA Housing Project 6.10%
16-Jan-07DCLG Wigan Borough Council Wigan Joint Service Centre 7.20%
16-Jan-07DCSF Birmingham City Council BSF Wave 28.90%
21-Nov-06DfT TfLThames Gateway Bridge 7.00%
21-Nov-06DCMS Bristol City Council Hengrove Park Leisure PFI 20.00%
21-Nov-06DCLG Leeds City Council Leeds Little London HRA Housing PFI 10.32%
17-Oct-06DfES (now DCSF) City of Nottingham BSF. First Phase. 3.60%
19-Sep-06DfES (now DCSF) Kent County Council BSF. First Phase. 6.00%
19-Sep-06DCMS Liverpool City Council Liverpool Central Library and Archive 11.96%
15-Aug-06DCLG London Borough of Newham Forest Gate HRA PFI project. 7.76%
20-Jul-06DFES (Now DCSF) London Borough of Newham BSF Newham BSF5.00%
20-Jul-06DCLG North East Fire and Rescue Authority (NEFRA) Accommodation PFI project 6.40%
20-Jul-06DEFRA Cornwall County Council Integrated waste management project. 7.43%
16-May-06DfES (now DCSF) South Tyneside and Gateshead BSF. First phase of STaG project 4.17%
16-May-06DEFRA CheshireWaste PFI 17.63%
18-Apr-06DfES (now DCSF) Islington BCBSF - Phase 1, Wave 2. 10.94%
24-Mar-06ODPM Derby City Council Non HRA Housing PFI11.00%
20-Mar-06ODPM Lambeth CouncilMyatts Field North HRA Housing PFI 9.36%
20-Mar-06ODPM West Wiltshire District Council Non HRA Housing PFI 14.30%
21-Feb-06ODPM London Borough of Lewisham Lewisham HRA Brockley PFI Project 12.50%
17-Jan-06ODPM Oldham CouncilSheltered Housing PFI Project 16.00%
20-Dec-05DCMS Newcastle City Council Newcastle Libraries PFI 13.70%
20-Dec-05ODPM Manchester City Council 2nd Round Housing (HRA) PFI Scheme - Miles Platting Neighbourhood 3.30%
15-Nov-05ODPM / DoH Leeds City Council Independent Living Project 8.50%
16-Aug-05DFES Waltham ForestBSF - Phase 1 8.40%
16-Aug-05ODPM Kirklees CouncilHousing PFI - Round 3 11.26%
19-Jul-05DfT Norfolk County Council Street Lighting9.00%
19-Jul-05Home Office Norfolk Constabulary Three Counties Police Investigation Centre Project 7.30%
06-May-05DFES Leicester Council BSF - Phase 110.00%
06-May-05DFES Leeds City Council BSF - Phase 15.88%
06-May-05DFES Newcastle Council BSF - Phase 18.10%
06-May-05ODPM Cheshire County Council Extra Care Housing PFI 14.00%
06-May-05ODPM Kent County Council Non-HRA Housing PFI6.30%
15-Mar-05DFES Knowsley MBCBSF Phase 1 4.74%
15-Feb-05DFES London Borough of Lewisham BSF Phase 14.62%
15-Feb-05DFES Lancashire County Council BSF Phase 12.11%
18-Jan-05DFES London Borough of Greenwich BSF Phase 14.80%
18-Jan-05DEFRA Cambridgeshire County Council Waste PFI Project 15.44%
18-Jan-05DEFRA London Borough of Southwark Waste Management PFI 21.07%
18-Jan-05DEFRA Greater Manchester Waste Disposal Authority Post Collection Waste Services PFI 14.00%




 
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Prepared 1 September 2011