Public Private Partnerships and the Private Finance Initiative - PowerPoint PPT Presentation

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Public Private Partnerships and the Private Finance Initiative

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Appraisal. Joint/pooled. budgets. Agency. Secondment. LA. Companies. Joint. Ventures. Other. PPP eg NPDO ... Project management. Delivering Successful Projects ... – PowerPoint PPT presentation

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Title: Public Private Partnerships and the Private Finance Initiative


1
Public Private Partnerships andthe Private
Finance Initiative
  • David Locke
  • Public Private Partnerships Programme (the 4Ps)

2
Presentation Outline
  • The 4Ps
  • Position on local authority PFI
  • Reasons for using partnerships
  • Lessons learned
  • Key issues for the chief financial officer

3
4ps Products
Influence
Project Support
Know How
4
Local Authority PFI
  • 169 projects approved for funding
  • 4 billion new investment
  • 72 projects signed
  • 42 projects operational
  • Deal flow in some sectors
  • Limited use of own resources

5
Investment in Local Services
  • 602 new schools
  • 250,000 new street lights
  • New trams, roads and interchanges
  • 50,000 refurbished council dwellings
  • 700 residential social services spaces
  • 10 new leisure facilities
  • Innovative solutions to service delivery

6
Drivers for Change
  • More partnership working
  • Best Value
  • Modernisation agenda
  • Internal examination of services
  • Fewer restrictions/well-being powers
  • Service improvements
  • Good services require infrastructure
  • Budgetary constraints
  • Intervention
  • Risk transfer
  • New ways of working

Change Drivers
New service delivery methodologies
Existing service delivery methodologies
7
Project and Procurement Options
Outsourcing
PFI
Other PPP eg NPDO
Improved in-house provision
Joint Ventures
Joint/pooled budgets
LA Companies
Agency
Secondment
8
Why use Partnerships and the PFI?
  • Value for money and Best Value
  • Risk management
  • Incentive to deliver whole-life solution
  • Focus on service rather than functions
  • Payment for service delivered
  • Integration of service delivery with design and
    build
  • Innovation and step change in service provision

9
Public private partnerships also...
  • Make interference more obvious
  • Provide stability in service delivery
  • Enables integration of design with execution and
    maintenance
  • Enables quality of service delivery to be measured

10
Delivering Successful Projects
  • Justified as part of strategic review
  • Investment appraisal Business Case
  • Departmental objectives
  • Early private sector involvement
  • Realistic assessment of costs and issues
  • Focus on service requirements
  • Project management

11
Finance Officer Involvement
  • Business planning - financial modelling options
  • Assessment of value for money, affordability and
    bankability
  • Financial aspects of pre-qualification,
    short-listing and bid documents
  • Payment mechanism
  • Financial evaluation and assessment of Bids
  • Accounting treatment

12
Conclusions
  • Progress on PPP and PFI projects
  • Standardisation and guidance material
  • Spending Review 2002
  • Deal flow in some sectors
  • Byatt and Audit Commission reviews
  • Best Value and new challenges

13
David Locke Telephone - 020 7472 1554 Fax -
020 7472 1560 Mobile - 07768 335099 E-mail -
david.locke_at_4ps.co.uk 6th Floor 83 Victoria
Street Westminster London SW1H 0HW www.4ps.co.uk
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