Collection

Public Private Partnerships

PPPs are long-term contracts where the private sector designs, builds, finances and operates an infrastructure project.

The Government has announced that it will no longer use PF2, the current model of Private Finance Initiative (PFI) for new government projects. Existing PFI and PF2 contracts will not end because of this announcement.

PFI contractors should consider themselves to be part of the public sector response to current COVID-19 emergency.

PPPs are long-term contracts where the private sector designs, builds, finances and operates an infrastructure project.

PPPs have delivered £56 billion of private sector capital investment in over 700 UK infrastructure projects. These include new schools, hospitals, roads, housing, prisons, and military equipment and accommodation.

PPPs transfer delivery, cost and performance risk to the private sector – this protects the public sector from delays, cost overruns and poor performance.

Policy

The Government has announced that it will no longer use PF2, the current model of Private Finance Initiative (PFI) for new government projects. Existing PFI and PF2 contracts will not end because of this announcement. Archived documents including the retired PF2 policy and standardisation of PF2 contracts are available at the National Archive.

Guidance

Archived documents supporting project and contract managers are available for operational taskforce and Treasury taskforce publications.

Data

Data on PFI and PF2 projects as at 31 March 2017.

Forms

Forms and instructions specific to PFI/PF2/PPP arrangements.

  1. PFI/PF2/PPP forms
Published 24 August 2017
Last updated 2 April 2020 + show all updates
  1. Addition of response to COVID-19

  2. Updated with 'Private Finance Initiative and Private Finance 2 projects: 2018 summary data'.

  3. Updated with 'Private Finance Initiative (PFI) and Private Finance 2 (PF2): Budget 2018 brief'.

  4. Link to 'Private Finance Initiative and Private Finance 2 projects: 2017 summary data' added

  5. First published.