1.1 HM Treasury collects data on Private Finance Initiative (PFI) and Private Finance 2 (PF2) projects once a year. The information is provided by central government departments and devolved administrations1 who procured or sponsored2 the projects, and is not audited by HM Treasury. The last collection was for all projects as at 31 March 2015.
1.2 Data on PFI and PF2 projects has been published by HM Treasury for a number of years and it remains an important part of the government's commitment to greater transparency in public spending. The data is also used by bodies such as the Office for Budget Responsibility, the Office of National Statistics and the National Audit Office.
1.3 PFI and PF2 are the UK's former and current preferred form of Private Public Partnerships (PPP) model.
_____________________________________________________________
1 The Scottish government no longer uses PFI as a procurement method. Information has been provided for PFI projects which are still under contract. New Scottish projects are procured under the Non-Profit Distribution model and do not form part of this data.
2 Sponsored means projects that are part funded by Departments but delivered by other bodies such as Local Authorities or NHS Trusts.