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<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>
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