[7]

7. Would public sector investment in the last decade have been lower without Private Finance? If so, by how much?

7.1 It partly depends on what view would have been taken of the budgetary impact of conventional procurement methods. PUK is not in a position to assess this.

7.2 It may be that with the greater certainty over whole-life costs which PFI brings-if one assumes a moral obligation to maintain assets in which public money has been invested regardless of procurement route-PFI sustains a higher level of investment.