6 We analysed data from HM Treasury's PFI database, value-for-money (VfM) assessments, project financial models and financial close forms.
7 We examined the financial accounts of 75 of the largest SPV companies in order of capital value and a sample of the smaller companies for the year ending 31 March 2016 to estimate the cost of breaking interest rate swaps and the levels of cash held in the SPVs.