NLGN says PFI inquiry “offers a damning critique but few recommendations for lasting change”
19 August, 2011

Friday 19th August 2011

Following the publication of today’s Treasury Select Committee report on PFI, Senior Researcher Tom Symons of localism think tank the New Local Government Network (NLGN) said:

“This inquiry offers a damning critique of PFI but few recommendations for lasting change. It’s been clear for a number of years that PFI has a number of benefits, but isn’t always the optimal financing route.”

“Central government has effectively forced councils to use PFI, regardless of local circumstances. This needs to change. Local authorities must be free to choose the financing options most appropriate for their circumstances”

“The solution is a more level and diversified playing field of finance options, with councils able to select the method that best suits their needs. Ongoing NLGN research is currently looking to set out a range of choices for local authorities, including PFI, bond issues, LABVs and Tax Increment Financing”

Ends