This paper does not give guidance on the sector classification of the partner. UK fiscal policy is based on the total public sector boundary, such that it includes not just general government, but public corporations too. The MGDD states that where the partner vehicle consists of one or several private partners that control the unit, then issues of sector classification do not arise. However, the key issue is control and it may be that due to special rights held by the public sector, the partner would be classified within the public sector. Care should be taken then when considering any special rights over the general corporate policy of the partner vehicle. Key areas to consider will include rights over dividends, use of assets (other than the asset subject to the contract) or pay and reward policies of the partner. Further guidance on sector classification can be found [HMT to add reference].
Where the public sector has rights over the corporate policies of the partner further guidance should be sought from HM Treasury.