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450314

registered interest
date	03/02/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what progress his Department has made on the replacement of the value for money assessment quantitative assessment tool for comparing private finance and conventional procurement options; and which PF1 and PF2 projects used (a) the original value for money assessment quantitative assessment tool or (b) any replacement tool.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	25812
answer	answer is ministerial correction date of answer 08/02/2016 answer text <p>The Government’s approach to appraisal is set out in the Green Book. This provides a common, standard method for comparing all public spending decisions that use central government funding; the approach to appraising potential PPP projects is consistent with this central guidance.</p><p> </p><p>The quantitative assessment tool was in place from August 2004 until its withdrawal in December 2012, all projects which commenced between these dates should have used the tool. For details of specific projects during this period, please see the spreadsheet ‘Current projects as at 31 March 2014’ at the following link: https://www.gov.uk/government/publications/private-finance-initiative-projects-2014-summary-data</p><p> </p><p>A replacement quantitative assessment tool has not been issued by HM Treasury due to the limitations of standard models; since December 2012 procuring authorities have undertaken appropriate quantitative assessment in accordance with the principles set out in the Green Book.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 08/02/2016 16:35:23 answering member 1526 label Biography information for Greg Hands
tabling member	4088 label Biography information for Stella Creasy

450315

registered interest
date	03/02/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which of the unitary charges in the list of private finance initiative projects published by his Department on 15 December 2014 were (a) service charges, (b) interest charges and (c) other costs identified over the course of the contracts.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	25813
answer	answer is ministerial correction date of answer 08/02/2016 answer text <p>Whilst the Treasury does collect and publish information on the unitary charges of PFI projects, we do not collect it broken down into its constituent parts, neither do we have the detailed financial models that would allow us to disaggregate the totals.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 08/02/2016 16:33:49 answering member 1526 label Biography information for Greg Hands
tabling member	4088 label Biography information for Stella Creasy

450322

registered interest
date	03/02/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will publish the equity return information provided as part of all PF2 projects commissioned in the last five years.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	25744
answer	answer is ministerial correction date of answer 08/02/2016 answer text <p>The first PF2 projects reached financial close last year. The Treasury will publish the equity return information on PF2 projects periodically.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 08/02/2016 16:36:32 answering member 1526 label Biography information for Greg Hands
tabling member	4088 label Biography information for Stella Creasy

426439

registered interest
date	05/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Finance Initiative
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what calculation they have made of how much (1) UK tax has been paid by PFI investors on profits and equity gains, and (2) corporation tax has been collected from PFI companies, in each tax year since the inception of PFI contracts for health service projects.
tabling member printed	Baroness Walmsley
uin	HL3378
answer	answer is ministerial correction date of answer 19/11/2015 answer text <p>HM Treasury does not collect or publish taxation information for any Private Finance company including those within the health sector.</p> answering member printed Lord O'Neill of Gatley question first answered 19/11/2015 16:14:13 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	2547 label Biography information for Baroness Walmsley

426440

registered interest
date	05/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Finance Initiative
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether in assessing the benefits of PFI against conventional procurement they take account of the amount of UK tax paid by PFI investors, as recommended by the Public Accounts Committee in its report of 2011 <i>Lessons from PFI and other projects</i>.
tabling member printed	Baroness Walmsley
uin	HL3379
answer	answer is ministerial correction date of answer 19/11/2015 answer text <p>In its response to the Public Accounts Committee report, the Government made clear that it did not agree with the Committee’s conclusion and recommendation.</p><br /><p>As set out in the response, HM Treasury stated that the initial appraisal of a project takes into account the additional tax receipts that arise from the use of a privately funded project, compared to a publicly funded project.</p><br /><p>Managing Public Money directs procuring authorities to ensure that procurement decisions do not rely on any tax advantage that a particular bid may enjoy because of the tax status of the proposed contactor. Any privately financed option will only be pursued if it is better value for money than the publicly funded alternative.</p><br /><p>The Treasury’s full response can be found on the gov.uk website.</p><br /> answering member printed Lord O'Neill of Gatley question first answered 19/11/2015 14:39:21 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	2547 label Biography information for Baroness Walmsley

426441

registered interest
date	05/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Finance Initiative
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have introduced arrangements for sharing gains on the sale of PFI equity shares in new PFI projects, as recommended by the Public Accounts Committee in its report of 2011 <i>Lessons from PFI and other projects. </i>
tabling member printed	Baroness Walmsley
uin	HL3380
answer	answer is ministerial correction date of answer 19/11/2015 answer text <p>In its response to the Public Accounts Committee’s report, the Government has made clear that it does not agree that it would be desirable to seek a share of gains arising from the sale of shares in existing contracts. There would be a significant negative impact on the confidence of investors, particularly foreign investors, in the UK market and new investment in UK infrastructure would be discouraged.</p><br /><p>The Treasury’s full response can be found at on the gov.uk website.</p> answering member printed Lord O'Neill of Gatley question first answered 19/11/2015 16:15:17 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	2547 label Biography information for Baroness Walmsley

353882

registered interest
date	12/06/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many PFI contracts were negotiated by (a) NHS trusts, (b) Academy trusts and (c) local authorities in each year from 2010 to 2015; what the values of those contracts were; and what those contracts were for.
tabling member constituency	Barking
tabling member printed	Margaret Hodge
uin	2359
answer	answer is ministerial correction date of answer 19/06/2015 answer text <p>The information requested is publically available and is accessible at the following link: <a href="https://www.gov.uk/government/publications/private-finance-initiative-projects-2014-summary-data" target="_blank">https://www.gov.uk/government/publications/private-finance-initiative-projects-2014-summary-data</a>.</p><p> </p> answering member constituency Chelsea and Fulham answering member printed Greg Hands grouped question UIN 2361 question first answered 19/06/2015 13:19:04 answering member 1526 label Biography information for Greg Hands
tabling member	140 label Biography information for Dame Margaret Hodge

179536

registered interest
date	12/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the capital value is of each PFI contract formed since the inception of that policy; and what amount the Government is contracted to repay in each such case.
tabling member constituency	Great Grimsby
tabling member printed	Austin Mitchell
uin	224365
answer	answer is ministerial correction date of answer 24/02/2015 answer text <p>A spreadsheet containing data on all operational PFI projects can be found on the following link, <a href="https://www.gov.uk/government/publications/private-finance-initiative-projects-2014-summary-data" target="_blank">www.gov.uk/government/publications/private-finance-initiative-projects-2014-summary-data</a>.</p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 24/02/2015 17:58:08 answering member 1535 label Biography information for Danny Alexander
tabling member	372 label Biography information for Austin Mitchell

101035

registered interest
date	27/10/2014
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Minister for the Cabinet Office, how many private finance initiative projects his Department contracted for in each year from 1997 to 2010.
tabling member constituency	Brighton, Kemptown
tabling member printed	Simon Kirby
uin	212092
answer	answer is ministerial correction date of answer 03/11/2014 answer text <p>The Cabinet Office has one current private finance initiative (PFI) contract, which commenced in 2002.</p><p>In addition, in June 2007 the Cabinet Office entered into a contract, treated as a PFI contract in the Cabinet Office Annual Report and Accounts, which ended in June 2012.</p><p>Information on the Cabinet Office’s Private Finance Initiative contracts is available in the Department’s Annual Report and Accounts. Online copies for 2007-08 onwards ARE on the GOV.UK website:</p><p><a href="https://www.gov.uk/government/collections/cabinet-office-annual-reports-and-accounts" target="_blank">https://www.gov.uk/government/collections/cabinet-office-annual-reports-and-accounts</a></p><p> </p> answering member constituency Horsham answering member printed Mr Francis Maude question first answered 03/11/2014 17:09:49 answering member 115 label Biography information for Lord Maude of Horsham
tabling member	3929 label Biography information for Simon Kirby

101043

registered interest
date	27/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many private finance initiative projects his Department contracted for in each year from 1997 to 2010.
tabling member constituency	Brighton, Kemptown
tabling member printed	Simon Kirby
uin	212105
answer	answer is ministerial correction date of answer 30/10/2014 answer text <p>The Treasury holds one PFI contract, GOGGS West, which was entered into on 1<sup>st</sup> May 2000. Information on all PFI projects can be found on the following link, <a href="https://www.gov.uk/government/publications/private-finance-initiative-projects-2013-summary-data" target="_blank">https://www.gov.uk/government/publications/private-finance-initiative-projects-2013-summary-data</a>.</p><p> </p><p> </p><p> </p><p>The current projects spreadsheet can be filtered by procuring authority and then by date of financial close in order to determine the number of projects contracted by a department in a particular year.</p><p> </p><p> </p><p> </p><p>The information in this spreadsheet is provided by departments and published by the Treasury each year. The current data is at 31 March 2013 but will be updated with information as a 31 March 2014 shortly.</p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 30/10/2014 16:43:21 answering member 1535 label Biography information for Danny Alexander
tabling member	3929 label Biography information for Simon Kirby