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<p>The vast majority of PFI projects were signed under the last Labour government
– 620, or 86% of all PFI projects in the UK. Since coming to office in 2010, this
Government has reformed the approach so that now, PF2 contracts deliver better value
for money for the taxpayer.</p><p>We have improved the VfM we get from existing PFI
contracts, and this will deliver over £2 billion in efficiencies over the remaining
life of the contracts. In 2012 we also reformed PFI to improve its transparency, and
reduce procurement times, through the new PF2 model.</p><p>The Government continually
monitors the financial health of all of its strategic suppliers, including those delivering
PFI contracts.</p>
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