PFI Needs Government Funds

Story link: PFI Needs Government Funds

The recession has hit the PFI hard. Usually they are setting up new projects like schools or hospitals, but the recent reccession means they have been receiving a huge lack of funding, meaning they cant complete their projects. The only way forward Is Government Funding.

PFI Needs Government Funds

The government could have to bail out Private Finance Initiative projects to the tune of £4bn in the next 18 months, an industry spokesman has warned.

Tim Pearson, of the PPP (public-private partnership) Forum, said the recession was limiting loans to firms on PFI projects like schools and hospitals.