PFI's future a 'totemic' issue

17 September 2012 Business lobby group the CBI has urged the government to publish its review of PFI and provide clear direction on future funding models.
“Our target for the autumn is to get an outcome on the PFI review,” said John Cridland, director-general at the CBI.

He added the future of PFI had become of “totemic importance” to the future of infrastructure investment, as investors wait to see how the new model can entice them into the market.

Speaking at the launch of the CBI and KPMG’s joint 2012 infrastructure survey. Cridland said the group has two aims for the government this autumn: “Make your mind up on PFI [and] streamline the procurement and planning of the schemes that matter most.”

The report found that while businesses have recognised the government has done a lot of work over the past 12 months and issued a raft of policy statements, this has yet to filter through into “diggers in the ground”.

KPMG’s UK head of infrastructure, Richard Threlfall, said the report revealed that in general businesses do not regard UK infrastructure as being good enough.

“Business confidence in our infrastructure is ebbing away,” he warned. “We need action not words.”

However, he added that the government needs to recognise its role to act as a catalyst, rather than simply providing investment. In this context, he and Cridland welcomed the impact of the UK Guarantees scheme.

This page was last updated on:
16 May 2015.

thumb

Rocky road ahead

The UK General Election may not have produced the stability investors would have hoped for – even with a Conservative majority

thumb

Funding Netherlands

Could the Dutch PPP market be the one that never grows old, Amanda Nicholls asks the Ministry of Finance’s PPP Coordinator Erik Jan Snik

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...