Macquarie Bank

(asked on 11th March 2015) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what meetings her Department has had with Macquarie Bank since May 2010; and who was present at such meetings.


Answered by
Edward Timpson Portrait
Edward Timpson
This question was answered on 18th March 2015

Macquarie Bank has not invested in any projects for which the Department for Education is the procuring authority. According to the information held by the Department, Macquarie Bank has also not invested in any education PFI projects procured by Local Authorities.

The Department has recently procured an Aggregator funding vehicle to provide finance to the five private finance Priority Schools Building Programme projects. In that context, the Private Finance team at the Education Funding Agency and their professional advisers met with Macquarie Capital on a number of occasions from Winter 2013 to Summer 2014.

Information from the rest of the Department could only be provided at disproportionate cost.

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