Documents
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The role of private finance in public investmentPublished: 16 August 2011
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The report shows that PFI is not value for money, despite the coalition government backing this form of investment. It warns that the cost of PFI has risen astronomically following the financial crisis and the gap between the rate at which the government and the private sector can borrow has widened dramatically.  The role of private finance in public investment
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Reclaiming the Initiative - putting the public back into PFIPublished: 17 June 2009
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The report catalogues how ever-growing billions of public money has become locked into financing massively expensive PFI schemes. The Government has committed taxpayers, for a generation to come, to a bill of more than £217bn worth of repayments between now and 2033/34 on just £64bn of PFI projects. PFI’s reliance on the private sector was supposed to give public building programmes more rigour and strength but, as the union’s latest report - “Putting the Public Back into PFI” – shows, in reality it has exposed them to greater hazards and weaknesses. Public projects have been tainted by private failure
Reclaiming the Initiative - putting the public back into PFI
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Refinancing: profiteering from public servicesPublished: 1 November 2008
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Lots of PFI contractors are 'refinancing' their loans - changing the terms of their borrowings to increase profits by as much as 80%. Most public bodies making PFI deals have allowed contractors to keep all these windfall profits. The National Audit Office and the Public Accounts Committee have condemned these arrangements and said the benefits of refinancing should be shared between contractor and client.
Refinancing: profiteering from public services
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What is wrong with PFI in schoolsPublished: 2 September 2008
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As more PFI schools are built it becomes possible to judge their success. UNISON has members intimately involved in PFI. This report draws on their experience and rounds up the evidence to date.
What is wrong with PFI in schools
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PFI: Against the Public InterestPublished: 29 July 2008
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The report analyses the failings of the government's private finance initiative and public private partnerships, highlighting high profile contracts which have failed and PFI companies, such as Ballast which went into receivership.
PFI: Against the Public Interest
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Public risk for private gain?The public audit implications of risk transfer and private financePublished: 7 July 2008
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A new UNISON report shows that the government has failed to evaluate its own claim that extra costs of PFI are justified, because risks are transferred to the private sector. There are now more than 500 PFI deals worth £36bn, but the the true cost of these deals to the taxpayer is still unknown and private companies are reaping the benefits of this oversight, at the expense of the public purse. (NB: This is a 1.2MB download)
Public risk for private gain?
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UNISON comments on new Treasury guidance for PFIApril 2004Published: 23 April 2008
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UNISON welcomes the Treasury’s review of PFI, in particular, the recognition that value for money should not be at the expense of the workforce and that soft services do not have to be included in PFI projects. We would like to see these policies incorporated into the methodology and translated into clear obligations on departments and contracting authorities.
UNISON comments on new Treasury guidance for PFI
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Building Schools for the Future : A concise branch guidePublished: 17 March 2008
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(17/03/2006) This concise advice should be read with the APSE report for UNISON:'Building Schools for the Future: A Branch Handbook' Stock number 2484) It describes key stages in the BSF process and highlights UNISON's concerns.
 Building Schools for the Future : A Concise Branch Guide
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Building Schools for the Future :A Branch HandbookPublished: 17 March 2008
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(17/03/2006) This guide goes through the key stages in the BSF process and provides negotiating and technical advice for branches.
Building Schools for the Future : A Branch Handbook
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A Policy Built on SandReport for UNISONPublished: 24 January 2008
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Report released by UNISON proves that private finance initiative schemes do not out-perform public sector projects.
A Policy Built on Sand
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