1.23 The 2010 Spending Review document outlined changes made to The Infrastructure Finance Unit (TIFU). The statement confirmed there is no separate funding provision for TIFU interventions within the HM Treasury's spending settlement; TIFU will, therefore, no longer have the capacity to make new loans to PFI projects.
1.24 HM Treasury will continue to lend in accordance with its commitments on the loan made to the Greater Manchester Waste Disposal Authority. In line with the policy announcements made at the inception of TIFU, HM Treasury officials will continue to monitor market conditions and seek a value for money sale of the loan at a suitable time.
1.25 HM Treasury will maintain TIFU's commercial expertise within Infrastructure UK, and will continue to monitor the market and offer advice to departments and local authorities where required.