All Private finance initiatives (PFI) articles – Page 2
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NewsTrust admits it will miss financial plan by £20m
A foundation trust in the North East has admitted it will miss its financial control total by more than £20m, after failing to meet efficiency plans set at the start of the year.
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NewsDHSC paid PFI lenders £42m after miscalculation
The Department of Health and Social Care repaid £42m to investors of a failed PFI scheme three months before it emerged the fee was not required, according to auditors.
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NewsExclusive: Private finance scheme for the NHS scrapped
A much-vaunted scheme to use private investment for NHS capital projects has been officially scrapped, HSJ has learned.
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CommentThe Bedpan: ‘Under the Knife’? Not really
What it is: Under the Knife is a new, crowd-funded and Keep Our NHS Public-supported documentary.
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NewsNHS trusts owe government £14bn
Heavily-indebted NHS providers are bidding to restructure their loans with the Department of Health and Social Care, albeit with little prospect of them being written off.
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HSJ LocalFT accuses Treasury of being inflexible over PFI buyout
A leading foundation trust says inflexible Treasury rules are preventing it from buying out a private finance initiative contract, which could deliver savings of £30m a year.
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NewsBoris Johnson names ‘hospital upgrades’ as early priority
The new prime minister has made “hospital upgrades” a focus in his first speech as prime minister and ”ensuring the money for the NHS really does get the frontline”.
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NewsNHS England seeks £50bn bond for ‘capital starved’ health service
The chair of NHS England has called on politicians to back a £50bn government “bond” for infrastructure spending, saying the service is “capital starved”.
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CommentThe Bedpan: When the NHS asks, the answer is ‘yes’
This week: Nicky Morgan, Conservative MP and chair of the House of Commons Treasury select committee.
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News
Exclusive: NHSE/I orders trusts to cut capital funding bids
NHS trusts have been told they are asking for too much capital funding and to scale back their ambitions for next year.
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CommentCowper’s Cut: The price of financial lying
The NHS will have to pay the price for cultivating a culture of financial lying and cheating and incentivising the wrong things, warns Andy Cowper
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HSJ AwardsHSJ Partnership Awards 2019: Legal Services Provider of the Year
WINNER: Ward Hadaway, Tees Esk and Wear Valleys Foundation Trust: The Roseberry Park Scheme
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NewsGovernment reviews private finance options
The government has launched a review of private financing options for public infrastructure and said it will no longer procure PFI-type projects that are “off-balance sheet”.
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NewsMajor trust's 'historic underinvestment' causing equipment failure
A major London trust had to cancel hundreds of MRI scans after ageing equipment stopped working, causing it to miss its two-week diagnostic target for the first time in 14 months.
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NewsTrust eyes new private finance model to build hospital
An acute trust is hoping to be among the first organisations to use a new form of private financing to help fund a replacement hospital.
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News
Revealed: The winners and losers of government's £2.9bn capital pot
Two out of three requests from NHS trusts for capital investment have so far been rejected under the government’s new funding regime, analysis by HSJ suggests.
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HSJ LocalCCG forced to subsidise GP practice relocation
A north London CCG has resorted to offering subsidies to persuade a GP practice to move into a community hospital site.
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CommentWhere does the end of PFI leave PPP?
The longevity of models such as LIFT demonstrate that, done correctly, PPPs offer a flexible and sustainable environment for dynamic services, at a time when GPs are less inclined to buy into career long partnerships. By Chris Whitehouse
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NewsDalton: 'Government must replace £3bn expected from PFI'
The government needs to set out what will replace the private finance initiative and the £3bn of capital it was expected to raise, the chief executive of NHS Improvement has said.
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NewsShifting NHS spend away from hospitals ‘can’t wait’, says health secretary
Increasing the share of the NHS budget spent on primary and community “can’t wait” and should begin next year, health secretary Matt Hancock has told HSJ.