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  2. Private finance initiative - Wikipedia

    en.wikipedia.org/wiki/Private_finance_initiative

    PFI contracts are typically for 25–30 years (depending on the type of project); although contracts less than 20 years or more than 40 years exist, they are considerably less common. [8] During the period of the contract the consortium will provide certain services, which were previously provided by the public sector.

  3. Sandwell and West Birmingham Hospitals NHS Trust - Wikipedia

    en.wikipedia.org/wiki/Sandwell_and_West...

    As a result, the NHS trust sought direct government funding, [16] and on 16 August 2018, the government announced it would fund completion of the hospital. [17] In November 2018, it was reported that the NHS trust was struggling to find a contractor to complete the hospital, with the possibility that the hospital might be delayed beyond 2022. [18]

  4. National Health Service (Private Finance) Act 1997 - Wikipedia

    en.wikipedia.org/wiki/National_Health_Service...

    1 Powers of NHS trusts to enter into agreements (1) The powers of a National Health Service trust include power to enter into externally financed development agreements. (2) For the purposes of this section, an agreement is an externally financed development agreement if it is certified as such in writing by the Secretary of State.

  5. Sherwood Forest Hospitals NHS Foundation Trust - Wikipedia

    en.wikipedia.org/wiki/Sherwood_Forest_Hospitals...

    Total repayments under the contract will amount to £2.5 billion. [3] The Trust paid out £235,000 to two interim Chief Executives during 2012. [4] Paul O'Connor, Chief Executive, resigned in April 2015 after less than 2 years in post. [5]

  6. University Hospital Coventry - Wikipedia

    en.wikipedia.org/wiki/University_Hospital_Coventry

    Another controversy was the long term cost of the private finance initiative (pfi) deal to build the hospital: In 2019 it was revealed that University Hospitals Coventry and Warwickshire NHS Trust paid 12.5% of their income per year to the contractor, and that by the end of the contract, they would have spent an estimated £3.7 billion, almost ...

  7. Norfolk and Norwich University Hospital - Wikipedia

    en.wikipedia.org/wiki/Norfolk_and_Norwich...

    The Norfolk and Norwich University Hospitals NHS Foundation Trust pays the private PFI Octagon consortium in the region of £41 million a year. [4] In 2004, the Association of Chartered Certified Accountants assessed the actual costs at £1.16 billion, or around five times the initial cost of £229 million.

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