Firms made pre-tax profits of £831m under private finance initiative in past six years, with figure to more than double by 2022Companies that have built NHS hospitals under the private finance initiative have made pre-tax profits of £831m over the past six years and are poised to make almost £1bn more over the next five years. In the case of the current 125 health PFI projects, the average payment term is 31 years. The figures were derived from a study of the Treasury database and the accounts of PFI companies held by Companies House. The CHPI found that just eight companies, which each employ a handful of people, have equity stakes in 92% of the NHS PFI schemes. “The first PFI contracts for NHS hospitals, which were signed in 1997, range between 25-30 years – this report analyses just six years of contracts and as a result does not represent the full picture.”

Source: The Guardian August 29, 2017 22:52 UTC