Housing PFI [Archived]


Produced in partnership with Alan Aisbett of Bryan Cave Leighton Paisner LLP
Practice notes

Housing PFI [Archived]


Produced in partnership with Alan Aisbett of Bryan Cave Leighton Paisner LLP

Practice notes
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ARCHIVED: This Practice Note has been archived and is not maintained.

Background

Private finance initiatives (pfis) have enabled local authorities to enter into contracts with the private sector for the provision of new and/or improved capital assets (infrastructure for example) and related services. Support has been provided by central government departments towards the cost of the capital element of PFI projects. December 2012 saw the closure of the PFI contracting programme and its replacement by a new approach to public private partnerships to be known as ‘PF2’. This note deals with PFI with limited reference to PF2 since housing has to date not been included within the types of projects approved under PF2.

In housing PFI schemes local housing authorities (LHAs) contract with a consortium of private sector firms to design, build, improve, finance, manage and maintain the social housing stock provided under the contractual arrangements. While management of the housing becomes the responsibility of the private sector contractor, the local authority continues to own the housing and retains its tenants. Designed and

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
PFI definition
What does PFI mean?

private finance initiative. A government scheme to procure finance and operation (always) and often the design and construction of public sector projects by the private sector.

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