2.1. There are currently 87 operational projects in Scotland across the schools, health, waste & waste water, transport and other sectors. The total annual unitary charge on these projects is approximately £912m. Government has calculated that the share of Scotland's resource DEL budget used to pay for these contracts will peak at 2.3% in 2015/16 alongside the payments made by Local Authorities. Any savings that can be made will have a significant impact on budgets in the current climate.
2.2. SFT engaged with a number of bodies across a range of sectors and reviewed contract documentation and financial models as well as meeting with contract management teams.
2.3. Further details on the scope of the review and the work undertaken are set out in the Update Report which SFT provided to the Scottish Government in September 2010 and which is set out in Appendix 1 to this Report.
2.4. Infrastructure UK published a draft paper, Making Savings in Operational PFI Contracts, earlier this year. The paper reaches similar conclusions to the SFT review and is available at http://www.hm-treasury.gov.uk/d/iuk_making_savings.pdf.