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  2. Private finance initiative - Wikipedia

    en.wikipedia.org/wiki/Private_finance_initiative

    In 2017 there were 127 PFI schemes in the English NHS. The contracts vary greatly in size. Most include the cost of running services such as facilities management, hospital portering and patient food, and these amount to around 40% of the cost. Total repayments will cost around £2.1 billion in 2017 and will reach a peak in 2029.

  3. Criticism of the National Health Service (England) - Wikipedia

    en.wikipedia.org/wiki/Criticism_of_the_National...

    The first PFI hospitals contain some 28% fewer beds than the ones they replaced. [18] As well as this, it has been noted that the return for construction companies on PFI contracts could be as high as 58%, and that in funding hospitals from the private rather than public sector cost the NHS almost half a billion pounds more every year. [19]

  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. Centre for Health and the Public Interest - Wikipedia

    en.wikipedia.org/wiki/Centre_for_Health_and_the...

    It said in 2017 that PFI companies had made pre-tax profits of £831m in the past six years which could have been spent on patient care. [2] In 2022 it pointed out that expenditure on staff, equipment and other capital projects can be cut by an NHS trust, but not their PFI payments. [ 3 ]

  6. Sandwell and West Birmingham Hospitals NHS Trust - Wikipedia

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

    In June 2018, a consortium of banks financing the project withdrew their support, and HM Treasury cancelled the PFI contract for construction of the hospital, leaving the NHS trust with a lengthy search for new investment and pushing the completion date back to at least 2022. [12] [13]

  7. County Durham and Darlington NHS Foundation Trust - Wikipedia

    en.wikipedia.org/wiki/County_Durham_and...

    As of June 2019, CDDFT has three ongoing private finance initiative (PFI) contracts, which were used to build University Hospital of North Durham (UHND), Chester le Street Community Hospital (CLS), and Bishop Auckland Hospital (BAH). They were taken out in March 1998, May 2002, and May 1999 and borrowed £92.6 million, £13.2 million, and £49. ...

  8. 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 ...

  9. West Park Hospital - Wikipedia

    en.wikipedia.org/wiki/West_Park_Hospital

    The hospital was procured under a Private Finance Initiative ('PFI') contract, to replace outdated facilitates at the Pierremont Unit and the Beaumont Ward at Darlington Memorial Hospital and at the Gables Unit in Sedgefield, in 2002. [1]