Call for Evidence on Reform of PFI

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:

Call for Evidence on reform of the Private Finance Initiative

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