The potential benefits of using private finance

2.11  Using private finance brings a number of potential mechanisms and incentives that can improve the efficiency, quality, innovation, or management of risk sufficiently to drive VFM. These are not guaranteed, and may occasionally work against one other. For example, increasing innovation may put at risk the project delivery usually achieved with private finance. Different projects emphasis different drivers and some do not achieve enough to be VFM. We discuss each below.