Prepare for PFI expiry
With the bulk of the UK’s 700 Private Finance Initiative (PFI) contracts starting to expire from 2025, preparations need to be made.
In 2020 the National Audit Office (NAO) published a report on managing Private Finance Initiative (PFI) assets and services as contracts end. The report stated that public sector bodies within the UK risk underestimating the time, resources and complexity involved in managing the end of PFI contracts. With many contracts coming to an end from 2025, there is danger that important infrastructure could return to the public sector in an unsatisfactory condition and services could be disrupted unless a more consistent and strategic approach is taken.
Recognising the need to build capacity and capabilities in this area, CIPFA now offers training to support those responsible for managing any stage of the PFI contract lifecycle, from planning and operations through to expiry.
There are two options available: a compact, introductory webinar and a more comprehensive, certified course.
Certified PPP (P3/PFI) Practitioner (complex contracting) Foundation Level
This is a two-day, internationally-recognised course accredited by APMG and delivering the detailed knowledge needed to manage and deliver successful PFI exit strategies.
The course is an innovation of the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Islamic Development Bank (IsDB), the World Bank Group (WBG) and part funded by the Public-Private Infrastructure Advisory Facility (PPIAF) with a shared vision of enhancing Public-Private Partnerships (PPP) performance globally.
A 10% discount is available to all CIPFA members.
Introduction to PFI Exit Strategies webinar
This is a one-day webinar introducing the practical, financial and operational challenges and the expertise needed to deliver successful PFI exit strategies. It will provide you with an essential roadmap for the successful handover of PFI assets in a fair and equitable way, to help ensure continuity of service delivery.
Who is the training for?
The training is aimed at the wide range of public sector professionals involved in PPP arrangements at any stage in the PPP lifecycle, including operations and exit. This includes:
- finance, commercial and legal specialists
- technical and programme/project management teams
- asset management and property specialists
- reviewers, approvers and decision-makers
It will be of particular interest to those in the UK who need to build an understanding of PPP/ PFI theory and PFI operations and expiry. Whilst the course is designed for public sector professionals, a lot of the content focuses on the private sector's arrangements, interests, incentives, and actions.
If you have any queries regarding the training, please contact us:
Tel: 020 7543 5600