The Department, in general discussions with industry, has been told that a proportion of the funds released by refinancing deals would be used for bidding and investing in further projects. We understand that this has been repeated, by consortia, before various committees.
The shareholders of Octagon are (as noted in the Report)
3i Group plc | 25% |
Barclays Infrastructure Limited | 25% |
Innisfree Partners Limited | 25% |
John Laing plc | 20% |
Serco Investments Limited | 5% |
The refinancing was completed in December 2003. Since that time, the shareholders have been involved in the following hospital bidding situations
| Health PFI schemes bid unsuccessfully or still in competition | Health PFI schemes bid successfully |
3i Group plc | None | None |
Barclays Infrastructure Limited | Newton Abbot-still in competition | Avon & Western Wilts-contract signed |
Innisfree Partners Limited | Walsall-still in competition Wakefield-Unsuccessful | Sherwood Forest-contract signed |
John Laing plc | Maidstone & Tunbridge Wells-still in competition | Newham Healthcare-contract signed Kingston-contract signed |
| Northern Batch-Unsuccessful | Newcastle-contract signed North Staffs-not reached contract signature stage yet Leicester-not reached contract signature stage yet Barts and the London-not reached contract signature stage yet |
Serco Investments Limited | None | None |