Capital Investment and Share Ownership

Lord Forsyth of Drumlean Excerpts

Thursday 13th March 2025 Lords Chamber

[Lord Livermore (Lab)]

I am grateful to my noble friend for those words, and I agree with much of what he said. The Government remain absolutely committed to harnessing private investment and restoring growth. We will work in partnership with the private sector while ensuring that projects provide value for money for taxpayers, now and in the future, and that appropriate lessons are learned from the past.

[Lord Forsyth of Drumlean (Con)]

My Lords, is not the key to a successful private finance initiative the appropriate transfer of risk? To ensure that happens, it is important to have the people in the Treasury or elsewhere with the necessary skills to negotiate the appropriate contracts. In wishing the Government well in taking this forward, I ask them to give consideration as to how they will achieve that.