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Call for Evidence on Reform of PFI

  • By London Councils

On 1 December 2011, the government published a "Call for Evidence" on reform of the Private Finance Initiative (PFI).  The Call for Evidence document can be seen here:

London Councils submitted a response on 13 February 2012. The response can be seen by clicking on the document link below.  The following issues were covered in the response:

  • Localism - freedom to determine the appropriate finance mechanism for each project
  • Inclusion of local government debt in government measure of deficit
  • Other mechanisms of procurement and delivery
  • Institutional and local investors
  • Allocation of risk
  • Flexibility and innovation
  • Financial transparency