To ask the Secretary of State for Health and Social Care, with reference to his Department's response to the Naylor Review of NHS estate published on 30 January 2018, how the £10 billion required will be raised; and how much of that funding will be provided through (a) private finance deals and (b) PF2 projects.
5 November 2018
The Government has considered its position on the Private Finance Initiative (PFI) and its successor PF2, in light of experience since 2012, and found the model to be inflexible and overly complex. As such, PF2 will no longer be used for any future Government project. However, the Government remains committed to the use of public-private partnership where it delivers value for the taxpayer and fairly transfers risk to the private sector.
The Government has committed to consider proposals from the National Health Service for a multi-year capital plan to support transformation, as part of the long-term plan the NHS is currently developing. Future years capital funding will be set as part of the Spending Review next year.