This document sets out the Government’s new approach to involving private finance in the delivery of public infrastructure and services through a long-term contractual arrangement, Private Finance 2 (PF2).
This continues to draw on private finance and expertise in the delivery of public infrastructure and services whilst addressing past concerns with PFI and responding to the recent changes in the economic context.
A summary of the reform measures in PF2 is presented on page 13. This includes changes across:
- Accelerating delivery.
- Flexible service provision.
- Greater transparency.
- Appropriate risk allocation.
- Future debt finance.