Schools: Private Finance Initiative
(asked on 20th July 2016) - View Source
Question to the Department for Education:
To ask the Secretary of State for Education, what steps her Department is taking to reduce costs incurred by schools which were built under the Private Finance Initiative.
This question was answered on 5th September 2016
Local authorities are responsible for their own Private Finance Initiative contracts and are encouraged to seek savings in the context of those contracts.
The Department is working closely with Her Majesty’s Treasury to develop guidance to demonstrate how local authorities may make savings.
The Department continues to work closely with local authorities to assist in identifying and securing savings.