Select committee: Public Accounts Committee
Recommendation 17
39th Report - Government’s use of private finance for infrastructure
Published 11 Jul 2025
Addressed to HM Treasury
Public Accounts Committee Government’s use of private finance for infrastructure All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Recommendation (the committee's words)
In 2021, the IPA told the previous Committee that it was unable to conclude its evaluation of the benefits of PFI because it was unable to draw any meaningful conclusions from the data.37 The Treasury told us that the IPA was asked to deliver the information on benefits but found that the data was not available for what the private sector had done and what the public sector comparator would have been. In addition, NISTA told us that it was 29 Qq 24, 43 and 59; C&AG’s Report, para 1.8; HM Treasury, Thousands of jobs to be created as government announces multi-billion-pound investment to build Sizewell C, June 2025; Sizewell C, Green Light for Sizewell C – The First Majority British-Owned Nuclear Power Plant in Over 30 Years, June 2025 30 Q 68; C&AG’s Report, para 1.8 31 PFI0014 32 C&AG’s Report, Figure 3 33 C&AG’s Report, para 1.7 34 C&AG’s Report, PFI and PF2, Session 2017–19, HC 718, January 2018, p 5; Committee of Public Accounts, PFI in Housing and Hospitals, Fourteenth Report of Session 2010–11, HC 631, January 2011, p 10 35 C&AG’s Report, para 3.28; Committee of Public Accounts, Private Finance Initiatives, Forty-Sixth Report of Session 2017–19, HC 894, June 2018, p 5 36 Qq 32 and 61 37 C&AG’s Report, 3.28; HM Treasury, Treasury Minutes Progress Report – Update of the Government responses to the Committee of Public Accounts on Sessions 2010–12, 2012–13, 2013–14, 2014–15, 2015–16, 2016–17, 2017- 19, 2019 and 2019–21, CP 424, May 2021, pp 63-64 12 collecting data relating to asset condition and upcoming expiries in order to target and assist local authorities through the contract expiry and asset hand back process.38 38 Q 32 13 3 Contract management and capability Skills and capability
From: Public Accounts Committee, 39th Report - Government’s use of private finance for infrastructure (HC 821), 11 July 2025
Government response
Latest Treasury Minutes progress report to the Committee of Public Accounts on the Thirty-ninth Report of Session 2024-26
The government responded to the whole report on 4 June 2026 (deadline 11 September 2025).
Treasury minutes: Government response to the Committee of Public Accounts on the Thirty-ninth report from Session 2024-26
Published 15 October 2025.
Summary written by Accountability Index from the government's response. It is not the government's own words.The government states that it "agrees with the Committee's recommendation" in each of the recommendations set out in the response, describing some as implemented and others as having target implementation dates between October 2026 and May 2027.
- On the pipeline, the government says the recommendation is implemented, citing the Infrastructure Pipeline published by NISTA in July 2025, with updates "every 6 months", and NISTA has written to the Committee alongside the Treasury Minute.
- On financing models, the government agrees but says the preferred model is "the one that offers the best value for money", appraised "on a case-by-case basis" using the Green Book.
- On a central database, the government agrees with a target implementation date of May 2027. It will expand the Pipeline over time and "explore whether" the additional information sits best there or in a parallel product; the Pipeline would not include legacy PFI or commercially sensitive information.
- On risk allocation, the government agrees with a target date of May 2026, saying the Treasury and NISTA "will set out further guidance by May 2026" on contract and performance management and on resetting infrastructure projects.