Recommendation 14

In light of its recent £2 million budget increase, we questioned the IPA on whether it was adequately funded to support the expiry of assets worth around £60 billion. The IPA told us that the resource requirement for PFI expiry was a big and complex subject, and it was considering the size and level of resource that it needed while attempting to be as efficient as possible. It planned to submit additional resourcing requests to the Treasury in the future.35 Local Partnerships told us that managing PFI expiry needed to “be done correctly” and “the more resources, the better”. It also told us that it could be more proactive in its support to authorities if more resources were made available.36