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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
1 Conclusion 39th Report - Government’s use of priva… Deferred

Committee examined lessons learned from government’s past use of private finance

On the basis of a report by the Comptroller and Auditor General, we took evidence from HM Treasury (the Treasury) and the National Infrastructure and Service Transformation Authority (NISTA) on the lessons learned from government’s past use of private finance for infrastructure projects.1 We also took evidence from Darryl Murphy, …

Government response. The government acknowledged the committee's conclusion and stated that the National Infrastructure and Service Transformation Authority (NISTA) has written to the Committee separately.
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…