PFI is still a very small part of Government procurement; less than 10% of annual procurement spend. What is clear is that while many of the non-PFI projects may have no finance requirement, they can all benefit from the skills developed in PFI and that a healthy PFI sector can improve the quality of procurement across Government.
What PFI has created is a small army of individuals in both the public and private sector who have strong project finance disciplines and could use them far wider across Government.
Given the economic challenges we currently face, to not systematically export that expertise and discipline across Government would seem to me to be a huge wasted opportunity.
Paul A T Davies
Partner
PricewaterhouseCoopers
21 December 2009