Policy paper

Private Finance 2 (PF2)

Private Finance 2 (PF2) is a new approach to public private partnerships.

• From: Infrastructure and Projects Authority and HM Treasury
• Published: 5 December 2012
• Last updated: 28 November 2018
  Show all updates

  1. 28 November 2018

     'Change Protocol Principles' document moved to 'PFI/PPP procurement and contract management guidance' page.

  2. 16 July 2013

     added historical supporting docs: Change Protocol Principles Technical update 2010

  3. 5 December 2012

     First published.

This publication was withdrawn on 28 November 2018

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.

Documents

A new approach to public private partnerships

PDF, 961 KB, 105 pages

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PF2: A user guide

PDF, 390 KB, 25 pages

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Standardisation of PF2 contracts

PDF, 2.84 MB, 400 pages

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Technical update: 2010

PDF, 428 KB, 26 pages

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Details

Private Finance 2 (PF2) is a new approach to public private partnerships, and follows the reform of the Private Finance Initiative (PFI). PF2 reaffirms the government’s commitment to private sector involvement in infrastructure and services, while recognising recent changes to the economic context.

View more documents about PFI at the National Archives.