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1132487

registered interest
date	17/06/2019
answering body	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 the Chancellor of the Exchequer, what estimate he has made of the value of PFI contracts in operation by region.
tabling member constituency	Hemsworth
tabling member printed	Jon Trickett
uin	265430
answer	answer is ministerial correction date of answer 20/06/2019 answer text <p>The value of PFI contracts in operation by region can be found in the PFI and PF2 summary data published annually by HM Treasury and the Infrastructure and Projects Authority. The latest publication can be found at this link: <a href="https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2018-summary-data" target="_blank">https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2018-summary-data</a>.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 20/06/2019 13:33:44 answering member 4320 label Biography information for Robert Jenrick
tabling member	410 label Biography information for Jon Trickett

1007034

registered interest
date	14/11/2018
answering body	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 the Chancellor of the Exchequer, what assessment he has made of the effect of changes to PFI contracts announced in Budget 2018 on job security.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	191410
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The government has announced that it will no longer use Private Finance 2 (PF2), the current model of the Private Finance Initiative (PFI), for new projects. PF2 has not been used since 2016.</p><p> </p><p>However, the government will continue to support private investment in infrastructure through a range of successful established tools. Project finance and commercial skills therefore remain highly valued and critical to infrastructure delivery for government. The government has announced that it will honour existing PFI and PF2 contracts. In addition, the government will launch a pilot ‘Centre of Best Practice’ (CBP) in the Department of Health and Social Care to help Trusts maximise the value of their existing PFI contracts.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 19/11/2018 13:21:04 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4124 label Biography information for Chi Onwurah

1006098

registered interest
date	13/11/2018
answering body	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 the Chancellor of the Exchequer, what his Department's definition is of privately financed in relation to infrastructure projects.
tabling member constituency	Richmond Park
tabling member printed	Zac Goldsmith
uin	190874
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Private finance is a way to deliver infrastructure projects in which the private sector invests equity and/or lends in order to facilitate the development, delivery, and/or operation of a project, asset or entity with the expectation of earning a return on the investment.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 19/11/2018 13:38:37 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park

911224

registered interest
date	24/05/2018
answering body	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 (a) strategic risk management policy and (b)(i) performance management, (ii) financial control and (iii) other processes his Department uses to monitor private finance initiatives.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	147961
answer	answer is ministerial correction date of answer 04/06/2018 answer text <p>The performance of PFI and PF2 contracts is monitored by the procuring authority. The government has published a range of advice on managing PFI and PF2 contracts, covering areas such as operational savings, refinancing and termination. HM Treasury assesses and responds to fiscal and financial risks as part of its ongoing business activities.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 04/06/2018 15:54:15 answering member 4320 label Biography information for Robert Jenrick
tabling member	4657 label Biography information for Anneliese Dodds

897912

registered interest
date	04/05/2018
answering body	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 steps he has taken to limit profit levels over the duration of private finance initiative contracts.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	141367
answer	answer is ministerial correction date of answer 10/05/2018 answer text <p>Over 86% of current PFI projects were signed prior to 2010. Since then, the standard PFI model has been reviewed and reforms have been implemented, leading to the launch of a new model – PF2 – in 2012. The new PF2 model has improved transparency, reduced procurement times and improved the flexibility of private finance contracts. Data on PFI and PF2 projects has been published at: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/696091/PFI_and_PF2_projects_2017_summary_data_March_2018_web.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/696091/PFI_and_PF2_projects_2017_summary_data_March_2018_web.pdf</a></p> answering member constituency Newark answering member printed Robert Jenrick question first answered 10/05/2018 16:13:06 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

820741

registered interest
date	11/01/2018
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, with reference to the Answer of 8 February 2016 to Question 25744 and of 6 June 2016 to Question 38400, when he plans to publish the equity return information on all PFI and PF2 projects.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	122159
answer	answer is ministerial correction date of answer 16/01/2018 answer text <p>We plan to publish the equity IRR data for PF2 projects as part of the PFI and PF2 annual summary data, which will be as at 31 March 2017. We expect to publish this data shortly.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 16/01/2018 16:19:57 answering member 4320 label Biography information for Robert Jenrick
tabling member	4088 label Biography information for Stella Creasy

818992

registered interest
date	09/01/2018
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, how much tax was paid to the public purse by private finance initiative companies, by sector, in each year since 2010.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	121669
answer	answer is ministerial correction date of answer 15/01/2018 answer text <p>Private Finance Initiative companies operate similar to any private company and face the same tax treatment.</p><p> </p><p>The Government cannot comment on the confidential tax affairs of individual company or group taxpayers.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 15/01/2018 13:52:46 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4088 label Biography information for Stella Creasy

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