George Osborne to unveil PF2 in Autumn Statement

Tuesday December 4th, 2012

George Osborne will launch an updated version of Private Finance Initiative (PFI) called Private Finance 2 (PF2) during the Autumn Statement, according to reports. George Osborne

The new PF2 initiative will provide a £1.75bn programme to build and refurbish 219 schools as well as the next generation of hospitals and roads.

According to the FT, companies will have to disclose their annual profits from such deals for the first time

It will mean the Government is entitled to take an equity stake in project companies, which will give it a seat on the board and a share of profits.

Social Housing Procurement

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