7.26 In some sectors, like schools and primary care trust facilities, although the capital value of individual projects is small, meaning that transaction costs for PFI would be disproportionately high, the Government is using new procurement methods to deliver investment more effectively. These procurement vehicles (outlined in more detail in paragraphs 8.26 to 8.40) will improve the speed and reduce the cost of PFI procurement, improving value for money, and allow PFI to be used to provide:
• up to £1 billion of investment through the Local Improvement Finance Trust (LIFT) initiative in new areas of health where it had previously been impractial, such as primary care facilities; and
• over £1.5 billion worth of investment in schools over the next ten years, to schools like those in the Church of England Schools estate (through the Partnerships for Church of England Schools programme).