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Select Committee · Public Accounts Committee

Government’s use of private finance for infrastructure

Status: Closed Opened: 26 Mar 2025 Closed: 22 Sep 2025 14 recommendations 16 conclusions 1 report

The Government has identified infrastructure investment, delivered in partnership with the private sector, as central to growing the economy. The Chancellor of the Exchequer announced in October 2024 that the Government would increase public sector net investment (PSNI) to 2.6% of GDP during the Parliament, with over £100bn of additional capital invested over the next …

Clear

Reports

1 report
Title HC No. Published Items Response
39th Report - Government’s use of private finance for infra… HC 821 11 Jul 2025 30 Responded

Recommendations & Conclusions

1 item
16 Conclusion 39th Report - Government’s use of priva… Accepted in Part

Lack of comparable data hinders assessment of PFI project efficiency and value for money

The Treasury publishes data on the number of active PFI contracts, which includes information on: the capital value of assets; when contracts are due to expire; and the remaining unitary charges.32 As of 31 March 2024, there were 665 PFI contracts with a capital value of £50 billion – 79% …

Government response. The government agrees and sets a May 2027 target, committing to expand and develop the Infrastructure Pipeline to include more investor-relevant detail and explore optimal publication methods for requested information, while noting existing annual PFI/PF2 data.
HM Treasury

Oral evidence sessions

1 session
Date Witnesses
12 May 2025 Bruce Dalgleish · P2G LLP, Conrad Smewing · HM Treasury, Darryl Murphy · Aviva Investors, David Lunn · Department of Business and Trade, James Bowler CB · HM Treasury, Jean-Christophe Gray · NISTA, Matthew Vickerstaff · NISTA View ↗

Correspondence

1 letter
DateDirectionTitle
5 Jun 2025 To cttee Letter from the Permanent Secretary of the HM Treasury relating to the follow u…