Financial Analysis of Public Private Partnerships (PPPs)

Impact: Economic impacts, Political impacts, Societal impacts

Narrative

Unique research at the University of Manchester highlights the shortcomings of public accountability and the high cost, to the public purse, of PPPs and the Private Finance Initiative (PFI) using critical financial analysis. Lead researchers have been invited to engage in dialogue with national audit regulators, give evidence to parliamentary committees and contribute to policy debate through international roundtables. The work has been used to challenge government policy and has significantly influenced the national and international public debate about the costs, affordability and value for money of PPPs. The UK government has now renegotiated existing PFI projects to achieve cost savings, and we have given evidence by invitation to international committees concerned with public accountability and policy development.
Impact date2014 → 2017
Category of impactEconomic impacts, Political impacts, Societal impacts
Impact levelBenefit

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