This document focuses on PFI contract expiry and sets out in summary how the IPA, through the PFI Contract Management Programme, provides support to authorities in managing the risks of PFI contract expiry.
The National Audit Office and the Public Accounts Committee have taken a keen interest in the risks to value for money as PFI contracts end. The NAO published a report "Managing PFI assets and services as contracts end" on 5 June 2020 and there was a subsequent Public Accounts Committee hearing on 8 February 2021.
This document forms part of our response to the issues and recommendations within the NAO and PAC reports: it responds specifically to the PAC recommendation that IPA should publish a plan for how it will support all public bodies with expiring PFI contracts, beyond those expiring in the immediate short-term, including what IPA will deliver and by when.