References and links to evidence on specific projects are included in Tables 11 - 13. References and links to PFI/PPP and public policy issues are in the main reference section.
Information for each buyout, termination and projects that had experienced a major problem had to be compiled from several sources including:
• Stock Exchange Announcements/Regulatory News Service
Company Notices and Press Releases
• Company Interim and Annual Reports & Accounts
• UK Companies House annual returns
• Jersey and Guernsey company registers
• Infrastructure fund share prospectuses and websites
• Construction and PPP company websites
• HM Treasury annual PFI current projects data 2011-2015
• National Audit Office PFI reports
• PPP, financial, construction and infrastructure journals
• ESSU PPP Equity Database 2012
• Local newspapers
Additional references
Armitage, J. (2015) Eight PFI schools built by one of UK's biggest private contractors have fire safety issues, Independent, 7 June, http://www.independent.co.uk/news/uk/home-news/eight-pfi-schools-built-by-one-of-uks-biggest-private-contractors-have-fire-safety-issues-10303595.html
Ashurst (2007) PFI practitioners take note - PFI projects not immune from the effect of applications for expedited sale of assets, February, https://www.ashurst.com/doc.aspx?id_Content=2806
Audit Scotland (2005) Scottish Executive Consolidated Resource Accounts, SE/2005/231, November, http://www.audit-scotland.gov.uk/docs/central/2005/s22_se_consol_resource_accounts.pdf
Barts Health NHS Trust (2011) Merger: Full Business Case, December, http://bartshealth.nhs.uk/media/75021/Merger-Full-Business-Case-021211-FINAL.pdf
Bradford MDC (2015) Schools PFI Contract - Update Report, Children's Services Overview and Scrutiny Committee, 10 March, http://democracy.bradford.gov.uk/Data/136/20150310/Agenda/Report%20-%20SCHOOLS%20PRIVATE%20FINANCE%20INITIATIVE%20(PFI)%20CONTRACT.pdf
BMA (2016) Collapsed hospital merger costs 'eye-watering' £10m, 13 December, https://www.bma.org.uk/news/2016/december/collapsed-hospital-merger-costs-eye-watering-10
City of Edinburgh (2016) Edinburgh Schools - Independent Inquiry, Corporate Policy and Strategy Committee, 14 June, http://www.edinburgh.gov.uk/meetings/meeting/3962/corporate_policy_and_strategy_committee
Collins, B. (2015) Foundation Trust and NHS trust mergers: 2010 to 2015, Kings Fund, September,
Community Health Partnerships (2015) Business Plan Summary 2015-2016,
Defence Industry Daily (2008) CATS Beginning 20-Year Run in Britain, 3 April, http://www.defenseindustrydaily.com/cats-beginning-20year-run-in-britain-02935/
Department for Communities and Local Government (2008) Local Government PFI Project Support Guide (2009-10)
Department of Education and National Statistics (2016) Schools, Pupils and their Characteristics: January 2016 - National Tables, https://www.gov.uk/government/statistics/schools-pupils-and-their-characteristics-january-2016
Department of Health (2012) NHS Trusts to receive funding support, Press Release, 3 February, London, https://www.gov.uk/government/news/nhs-trusts-to-receive-funding-support
Doyle, S. (2015) True cost of PFI/PPP school builds is revealed, The Irish News, 8 June, http://www.irishnews.com/news/2015/06/08/news/true-cost-of-pfi-ppp-school-builds-is-revealed-132916/
Dudkin G, Välilä T. (2005) Transaction Cost in Public-Private Partnerships: A First Look at the Evidence, European Investment Bank, http://www.eib.org/attachments/efs/efr_2005_v03_en.pdf
Dyfed-Powys Police and Crime Commissioner (2015) Commissioner police station deal saves £3.1m for front line policing, Press Release, 8 July, http://www.dyfedpowys-pcc.org.uk/en/commissioner-police-station-deal-saves-3-1m-for-front-line-policing/
European Public Service Union and Public Services International Research Unit (2014) Exposing the myths around Public-Private Partnerships, December, http://www.psiru.org/sites/default/files/2015-01-PPP-EPSUPPPbriefingfinal.pdf
European Services Strategy Unit (2007) Cost Overruns, Delays and Terminations in 105 Outsourced Public Sector ICT Contracts, ESSU Research Report No. 3, Dexter Whitfield, http://www.european-services-strategy.org.uk/publications/essu-research-reports/essu-research-report-no-3-cost-overruns-delays/essu-research-paper-3.pdf
Eurostat, European PPP Expertise Centre and European Investment Bank (2016) A Guide to the Statistical Treatment of PPPs, September, http://www.eib.org/epec/resources/publications/epec_eurostat_guide_ppp
Financial Times (2007) Scottish PFI prison plan scrapped, 24 August, http://www.ft.com/cms/s/0/b0586da8-51d9-11dc-8779-0000779fd2ac.html?ft_site=falcon&desktop=true#axzz4WJn7GLKY
Financial Times (2014) NHS hospital trust seeks private help, 7 April, https://next.ft.com/content/616727e8-be38-11e3-961f-00144feabdc0
Financial Times (2016) Rising NHS Trust deficits spark investor concerns, 20 June, https://www.ft.com/content/e5037e60-32eb-11e6-ad39-3fee5ffe5b5b
Freeman, T. (2016) Funding new schools: indebted to the infrastructure, Holyrood Magazine, 9 March, https://www.holyrood.com/articles/feature/funding-new-schools-indebted-infrastructure
Global Treasury Intelligence (2013) Out of the Shadows: The Rise of Alternative Financing in Infrastructure, 18 February, https://www.gtnews.com/articles/out-of-the-shadows-the-rise-of-alternative-financing-in-infrastructure/
Government Statistical Service (2017) Statistical Press Notice: Monthly Delayed Transfers of Care Data, England, November 2016, 12 January, London, https://www.england.nhs.uk/statistics/wp-content/uploads/sites/2/2016/06/November-16-DTOC-SPN.pdf
Hall, D. (2015) Why Public-Private Partnerships Don't Work, Public Services International Research Unit March, http://www.psiru.org/sites/default/files/2015-03-PPP-WhyPPPsdontworkEng.pdf
Hampshire County Council and East Riding of Yorkshire Council (2015) National School Delivery Cost Benchmarking: Primary and Secondary Schools, January, http://www.nacframework.org.uk/docs/National_School_Delivery-Cost_Benchmarking-Primary_Secondary-Jan2015-V5.pdf
Hart, O. (2003) Incomplete Contracts and Public Ownership: Remarks, and an Application to Public-Private Partnerships, The Economic Journal, 2003, Vol.113 (486), pp.C69-C76
Hart, O. and Moore, J. (2007) Incomplete Contracts and Ownership: Some New Thoughts, The American Economic Review, Vol. 97, No. 2, 182-186
Hellowell, M. (2014) The Return of PFI - will the NHS pay a higher price for new hospitals? Centre for Health and the Public Interest, November, https://chpi.org.uk/wp-content/uploads/2015/02/CHPI-PFI-Return-Nov14-2.pdf
Hellowell, M. (2015) Borrowing to save: can NHS bodies ease financial pressures by terminating PFI contracts? BMJ 2015;351:h4030 http://press.psprings.co.uk/bmj/august/PFI.pdf
HM Treasury (2012) Current projects as at March 2012 http://webarchive.nationalarchives.gov.uk/20130129110402/http:/www.hm-treasury.gov.uk/ppp_pfi_stats.htm
HM Treasury (2014) Current projects as at March 2014 https://www.gov.uk/government/publications/private-finance-initiative-projects-2014-summary-data
HM Treasury (2015a) Early Termination of PPP and PFI Contracts, Addendum to DAO(GEN)02/14, March, London, https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/409291/DAO_02-14_addendum_-_Early_Termination_of_PPP_and_PFI_Contracts.pdf
HM Treasury (2015b) PPP Policy Note: Early termination of contracts, June, https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/436694/PPP_terminations_policy_note.pdf
HM Treasury (2016) Current projects as at 31 March 2015 https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2015-summary-data
Hodkinson, S. (2011) The Private Finance Initiative in English Council Housing Regeneration: A Privatisation too far? Housing Studies, Vol. 26, Issue 6, 911-932.
House of Commons Library (2012) London Underground after the PPP, 2007-, Briefing SN1746, January, http://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN01746#fullreport
House of Commons Committee of Public Accounts (2005) PFI: The STEPS deal, HC 553, Session 2003-04, June, http://www.publications.parliament.uk/pa/cm200405/cmselect/cmpubacc/553/553.pdf
House of Commons Committee of Public Accounts (2008) The Privatisation of QuinetiQ, HC 151, June, http://www.publications.parliament.uk/pa/cm200708/cmselect/cmpubacc/151/151.pdf
House of Commons Public Accounts Minutes of Evidence, Supplementary memorandum submitted by the Department of Health, http://www.publications.parliament.uk/pa/cm200607/cmselect/cmpubacc/361/6101613.htm
House of Commons Committee of Public Accounts (2011) The failure of the FiReControl project, HC 1397, September, http://www.publications.parliament.uk/pa/cm201012/cmselect/cmpubacc/1397/1397.pdf
House of Commons Committee of Public Accounts (2015) Financial sustainability of NHS bodies, HC 736, Session 2014-15, January, http://www.publications.parliament.uk/pa/cm201415/cmselect/cmpubacc/736/736.pdf
House of Commons Committee of Public Accounts (2016) St Helena Airport, HC 767, December, http://www.publications.parliament.uk/pa/cm201617/cmselect/cmpubacc/767/767.pdf
Illman, J. (2016) Merger trust predicts it needs £650m bailout, Health Service Journal, 27 July, https://www.hsj.co.uk/hsj-local/providers/peterborough-and-stamford-hospitals-nhs-foundation-trust/merger-trust-predicts-it-needs-650m-bailout/7009513.article?blocktitle=News&contentID=15303
Income Data Services (2015) Pay, pensions and reward packages for private custodial service staff, for Office of Manpower Economics, March,
Independent Evaluation Group, World Bank Group (2015) World Bank Group Support to Public-Private Partnerships: Lessons from Experience in Client Countries, FY02-12, http://ieg.worldbankgroup.org/Data/Evaluation/files/ppp_eval_updated2.pdf
International Monetary Fund (2015) Making Public Investment More Effective, Policy Paper, June, Washington DC, http://www.imf.org/external/np/pp/eng/2015/061115.pdf
King's College Hospital NHS Foundation Trust (2014) Annual Report and Accounts 2013-14, https://www.kch.nhs.uk/Doc/corp%20-%20341.1%20-%20kch%20annual%20report%2013-14.pdf
Letsrecycle.com (2014) Government settles with Bradford over PFI loss, 24 January, http://www.letsrecycle.com/news/latest-news/government-settles-with-bradford-over-pfi-loss/
Lewisham and Greenwich NHS Trust (2014) Annual Report and Accounts 2013-14, https://www.lewishamandgreenwich.nhs.uk/
Manchester Health and Wellbeing Board (2016) Single Hospital Service Review: Sir Jonathan Michael, Independent Review Director, 8 June, Item 5c, http://www.manchester.gov.uk/meetings/meeting/2641/health_and_wellbeing_board
Ministry of Defence (2010) Termination of the Defence Training Review, 19 October 2010 https://www.gov.uk/government/news/termination-of-the-defence-training-review
National Audit Office (2003) PFI: Construction Performance, HC 371, Session 2002-2003, February, https://www.nao.org.uk/wp-content/uploads/2003/02/0203371.pdf
National Audit Office (2004) London Underground PPP: Were they good deals? HC 645, Session 2003-2004, June, https://www.nao.org.uk/wp-content/uploads/2004/06/0304645.pdf
National Audit Office (2006) The Paddington Basin Health Campus Scheme, HC 1045, Session 2005-06, May, https://www.nao.org.uk/wp-content/uploads/2006/05/05061045.pdf
National Audit Office (2007a) Improving the PFI tendering process, HC 149 Session 2006-2007, March, https://www.nao.org.uk/wp-content/uploads/2007/03/0607149.pdf
National Audit Office (2007b) The Privatisation of QuinetiQ, HC 52, Session 2007-08, https://www.nao.org.uk/wp-content/uploads/2007/11/070852.pdf
National Audit Office (2008) Allocation and management of risk in Ministry of Defence PFI projects, HC 343, Session 2007-2008, October, London, https://www.nao.org.uk/wp-content/uploads/2008/10/0708343.pdf
National Audit Office (2009a) Performance of PFI Construction, October, London, https://www.nao.org.uk/wp-content/uploads/2009/10/2009_performance_pfi_construction.pdf
National Audit Office (2009b) The Failure of Metronet, HC 512, Session 2008-2009, June, https://www.nao.org.uk/wp-content/uploads/2009/06/0809512.pdf
National Audit Office (2009c) HM Revenue & Customs' estate private finance deal eight years on, HC 30 2009- 2010, December, https://www.nao.org.uk/wp-content/uploads/2009/12/091030.pdf
National Audit Office (2011) The failure of the FiReControl project, HC 1272, Session 2010-2012, https://www.nao.org.uk/wp-content/uploads/2011/07/10121272.pdf
National Audit Office (2012) Securing the future financial sustainability of the NHS, HC 191, Session 2012-13, July, https://www.nao.org.uk/wp-content/uploads/2012/07/1213191.pdf
National Audit Office (2013) 2012-13 update on indicators of financial sustainability in the NHS, HC 590, Session 2013-14, July, https://www.nao.org.uk/wp-content/uploads/2013/07/10220-001_Indicators-of-financial-sustainability-in-the-NHS.pdf
National Audit Office (2014) The financial sustainability of NHS bodies, HC 722, Session 2014-15, November, https://www.nao.org.uk/wp-content/uploads/2014/11/The-financial-sustainability-of-NHS-bodies.pdf
National Audit Office (2015a) The choice of finance for capital investment, Briefing, March, https://www.nao.org.uk/wp-content/uploads/2015/03/The-choice-of-finance-for-capital-investment.pdf
National Audit Office (2015b) Sustainability and financial performance of acute hospital trusts, HC 611, Session 2015-16, December, https://www.nao.org.uk/wp-content/uploads/2015/12/Sustainability-and-financial-performance-acute-hospital-trusts.pdf
National Audit Office (2016a) Financial sustainability of the NHS, HC 785, Session 2016-17, November, https://www.nao.org.uk/wp-content/uploads/2016/11/Financial-Sustainability-of-the-NHS.pdf
National Audit Office (2016b) Realising the benefits of the St Helena Airport project, HC 19 Session 2016-17, July, https://www.nao.org.uk/wp-content/uploads/2016/06/Realising-the-benefits-of-the-St-Helena-Airport.amended.pdf
National Audit Office (2016c) Commercial and Contract Management: insights and emerging best practice, November, https://www.nao.org.uk/wp-content/uploads/2016/12/Commercial-and-contract-management-insights-and-emerging-best-practice.pdf
NHS Support Federation (2014) PFI and the NHS: Finding the best exit, http://www.nhsforsale.info/uploads/images/pfi-report%20final.pdf
NHS Trust Development Authority (2012) Securing sustainable healthcare for the people of South East London, http://www.ntda.nhs.uk/wp-content/uploads/2013/09/NTDA_SLHT_AW.pdf
Nose, M. (2014) Triggers of Contract Breach: Contract Design, Shocks or Institutions? Policy Research Working Paper 6738, World Bank, Washington DC, http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/01/06/000158349_20140106093814/Rendered/PDF/WPS6738.pdf
Owen, J. (2015) Crippling PFI deals leave Britain £222bn in debt, The Independent, 11 April, http://www.independent.co.uk/money/loans-credit/crippling-pfi-deals-leave-britain-222bn-in-debt-10170214.html
People v Barts PFI (2015) The Private Finance Initiative: Nationalise the Special Purpose Vehicles and end profiteering from public assets, http://www.european-services-strategy.org.uk/news/2015/the-private-finance-initiative-nationalise-the/nationalise-the-spvs-people-vs-barts-pfi-version-1.pdf
Pollock, A., Price, D. and Player, S. (2007) An Examination of the UK Treasury's Evidence Base for Cost and Time Overrun Data in UK Value-for Money Policy and Appraisal, Public Money & Management, April, 127-133.
PPP Bulletin (2008) Medway council abandons PFI, 1 February, http://www.partnershipsbulletin.com/news/view/14296
Press Association (2007) PFI School to cost £7.4m after closure, The Guardian, 23 March, https://www.theguardian.com/education/2007/mar/23/schools.uk4
Presser, L. (2016) Why have councils fallen out of love with outsourcing vital services, The Guardian, 2 March, https://www.theguardian.com/society/2016/mar/02/councils-outsourcing-cumbria-public-private-partnership-in-house
Royal Institute of British Architects (2011) Written evidence to House of Commons Treasury Committee, April, http://www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/1146vw07.htm
Russell, M. (2016) Council barred from buying out PPP contract, 13 January, West Highland Free Press, http://www.whfp.com/2016/01/13/council-barred-from-buying-out-ppp-contract/
Shaoul, J. (2005) A Critical Financial Analysis of the Private Finance Initiative: Selecting a Financing Method or Allocating Economic Wealth, Critical Perspectives on Accounting, 16, pp441-471.
Scottish Government (2015) PFI projects - done deals to July 2013 http://www.gov.scot/Topics/Government/Finance/18232/12308/DoneDealsJune2013
Scottish Parliament (undated) Paper from the Committee's Adviser on examples of public sector PPP/PFI contract buy outs, http://archive.scottish.parliament.uk/s3/committees/finance/inquiries/capInvest/adviser_buyouts.pdf
Sheffield City Council (2017) Waste Services Review, Report to Cabinet 18 January, http://democracy.sheffield.gov.uk/documents/s25096/Waste%20Services%20Review.pdf
Sherwood Forest NHS Foundation Trust (2016) Annual Report and Accounts 2015-16, http://www.sfh-tr.nhs.uk/images/Annual_Report_and_Accounts_15-16_FINAL1.compressed_3.pdf
Tirole, J. (1999) Incomplete Contracts: Where Do We Stand? Econometrica, vol. 67, No. 4, 741-781
Whitfield, D. (2001) Private Finance Initiative and Public Private Partnerships: What future for public services? June, http://www.european-services-strategy.org.uk/outsourcing-ppp-library/pfi-ppp/private-finance-initiative-and-public-private/
Whitfield, D. (2010) Global Auction of Public Assets: Public sector alternatives to the infrastructure market and Public Private Partnerships, Spokesman Books, Nottingham.
Whitfield, D. (2012) PPP Wealth Machine: UK and Global trends in trading project ownership, European Services Strategy Unit Research Report No. 6, http://www.european-services-strategy.org.uk/ppp-database/ppp-equity-database/ppp-wealth-machine-final-full.pdf
Whitfield, D. (2014) PPP Database Strategic Partnerships 2012-2013: UK outsourcing expands despite high failure rates, European Services Strategy Unit, January, http://www.european-services-strategy.org.uk/ppp-database/ppp-partnership-database/ppp-strategic-partnerships-database-2012-2013.pdf
Whitfield, D. (2015) Alternative to Private Finance of the Welfare State: A global analysis of social impact bond, pay-for-success and development impact bond projects, Australian Workplace Innovation and Social Research Centre, University of Adelaide and European Services Strategy Unit, September, http://www.european-services-strategy.org.uk/publications/essu-research-reports/alternative-to-private-finance-of-the-welfare/alternative-to-private-finance-of-the-welfare-state.pdf
Whitfield, D. (2016) The financial commodification of public infrastructure: The growth of offshore secondary market infrastructure funds, October, http://www.european-services-strategy.org.uk/publications/essu-research-reports/the-financial-commodification-of-public-infras/financial-commodification-public-infrastructure.pdf
Wiltshire Council (2009) South Wiltshire Core Strategy, Topic Paper 17: Infrastructure, July, http://www.wiltshire.gov.uk/south_wiltshire_core_strategy_topic_paper_17_-_infrastructure.pdf