PFI Expiry Profile

At 1 April 2021 there were 551 projects expiring in the period to 2054, noting that there are approximately a further 130 projects sponsored by devolved administrations which are outside the IPA's remit. As shown in the figure overleaf, the number of expiring projects increases significantly through this decade and peaks late in 2037.

This volume of projects expiring over the next two decades presents a challenge and an opportunity to secure value for money from the PFI and future service arrangements, and to ensure continuity of vital public services.

Notes:

■  Source date: 2019 PFI Data Return.

■  We estimated 195 expiry dates using the last day of the financial year in which the final unitary charge payment is reported by the owning CA.

■  Updated 21 expiry dates as a result of the EHCs.

■  Devolved administration projects excluded as these are outside the IPA's remit.

■  Projects terminated early are excluded.

■  The last project expires in 2054 and accounts for the difference between the table and the total 551 projects.