By Joti Mangat
Like many capital markets inventions, it’s a great idea in principle. The UK’s public finance initiative, a way of funding public expenditure with private capital, can finance complex and risky public interest projects at competitive rates while providing a liability-matched, retail price indexed home for pension fund money.
But now a crisis of confidence threatens to undermine the steady growth of the market. Doubts focus on the arrival of the largest non-defence PFI financing ever arranged in the UK, the redevelopment of St Bartholomew’s Hospital (Barts) and the Royal London Hospital.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
