PFI
Your PFI expiry checklist for 2026
Your PFI expiry checklist for 2026 Preparing for contract expiry is more critical than ever, with over 600 UK-based PFI projects set to expire by 2048. Nearly half of these fall between 2032 and 2037, making early action essential. Here are three priorities to kick off your planning: Can we help? Local Partnerships works alongside the […]
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Managing the expiry of PFI contracts
Today, the Public Accounts Committee published its report on “Managing the expiry of PFI contracts“. The Committee investigated the concerns of the National Audit Office that there are over 700 operational PFI contracts, of which over 200 are due to reach contract expiry by 2030. In his evidence to the Public Accounts Committee, Local Partnerships’ […]
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From both sides: What the Stoke schools issues tell us about PFI
As featured in Partnerships Bulletin Recent news reports on problems at one of the oldest PFI schemes don’t tell the full story, says Neil Okninski, senior director at Local Partnerships A recent article on the BBC website highlighted myriad issues at Stoke-on-Trent City Council’s grouped schools PFI scheme. As the biggest PFI scheme in the […]
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How PFI can build communities – and how we’re spreading best practice
Local Partnerships was pleased to be invited to a meeting of the Housing Private Finance Initiative (PFI) Providers’ Group on Friday 11 September. Held in the new community centre built as part of the Myatts Field Housing PFI contract, it was a great opportunity to hear from a number of PFI providers about the challenges […]
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IPA guidance: preparing for PFI contract expiry
The Infrastructure and Projects Authority (IPA) has published its long-awaited guidance on Private Finance Initiative (PFI) contract expiry. Its primary purpose is to provide practical help on managing the expiry of PFI contracts. Local Partnerships helped to develop the guidance alongside other Government departments and authorities. The guidance captures best practice and learning from expiring and expired PFI contracts. It […]
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Musings on PFI Expiry
PFI expiry has become an inevitable focus in UK infrastructure conversations as Christmas and New Year remain, mercifully, several weeks away. Yet in UK infrastructure, recent conversations are very much along the lines of “out with the old and in with the new”. Whilst it remains to be seen what any new delivery models might […]
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PFI help is here – but you must act quickly
Much focus recently has been placed on preparations for PFI help contract expiry. Approximately 200 operational PFI contracts are due to expire within the next 10 years, so this is an important topic for discussion. The quantity and value of PFI projects have highlighted the need for greater monitoring and input. The public sector will […]
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PFI Expiry: How London boroughs can get ahead
Local Partnerships is pleased to announce the release of the new report, PFI Expiry: How London Boroughs Can Get Ahead, developed in collaboration with Future of London, Devonshires, and Airey Miller. It offers essential guidance for London boroughs facing the challenges of Private Finance Initiative (PFI) contract expiries. It provides clear, actionable strategies designed to […]
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PFI savings achievement
Local Partnerships has helped Barnsley Metropolitan Borough Council complete a PFI refinancing project. Following initial engagement to help the council assess the potential to refinance, Local Partnerships took on the role of delivery partner for the council to manage the process on their behalf, fully utilising our experience and expertise on commercial and financial matters […]
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Saving money, gaining control of PFI
Local Partnerships helped Kirklees Council complete a refinancing of their Excellent Homes for Life social housing PFI project. Following initial engagement to help the Council assess the potential to refinance, Local Partnerships took on the role of delivery partner for the Council to manage the process on their behalf, fully utilising our experience and expertise […]
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Unravelling the PFI Dilemma
Examining the strengths, weaknesses, and the quest for value maximisation in Public Infrastructure Projects The recent Radio 4 documentary, The Great PFI Debt, and other associated articles have brought the PFI model back to the public’s attention. Throughout these pieces is an absence of consistent narrative regarding the perceived strengths and/or weaknesses of PFI: are […]
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Preparation for the expiry of your Private Finance Initiative contracts
Preparation for the expiry of your Private Finance Initiative contract
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Local Partnerships hosted a PFI Expiry webinar on 14 March to provide a practical insight into the key issues to consider when running through a PFI expiry process. The webinar is aimed at contract managers and individuals who have an operational focus.
There are currently over 700 operational PFI contracts, over 400 of these within local government. Each PFI contract has an end point, or expiry date. In the first part of this decade, over 50 operational PFI contracts will reach that expiry date, rising to around 200 contracts over the next 10 years.
Each PFI contract has an end point, or expiry date. In the first part of this decade, over 50 operational PFI contracts will reach that expiry date, rising to around 200 contracts over the next 10 years. The resources required to deal with these contracts will be substantial.
In June 2020, Local Partnerships produced guidance to help the public sector manage the PFI expiry process successfully. In November 2020, we followed this up with a webinar titled “Preparing for the expiry of private finance initiative projects” aimed at strategic decision makers.
Since then, we have:
- appeared as a witness at the Public Accounts Committee as to the preparedness of the public sector for PFI expiry
- provided expert input into the Infrastructure and Projects Authority’s guidance on PFI expiry
- reviewed 11 PFI contracts which are expiring within the next 7 years
- provided targeted expiry support to the Driver and Vehicle Licensing Authority
- undertaken bespoke reviews and support across expiry issues to numerous local authority clients
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