Question to the HM Treasury:

To ask His Majesty's Government, following the publication on 19 February of Current PFI and PF2 projects as at 31 March 2024, what assessment they have made of the total remaining public liability across all PFI contracts where (1) no equity holder is named, and (2) the special purpose vehicle is registered offshore.

His Majesty’s Government is aware of a total of £5,242m of public liability across all PFI contracts represented by 33 projects, where the contracting authority has indicated they do not know who the equity holders are, and 44 projects, where the contracting authority has indicated they know who the equity holders are, but have not provided data to His Majesty’s Government. To our knowledge no Special Purpose Vehicles are registered off shore.

This information is provided by the central government departments and devolved administrations that have procured or sponsored projects and represents 98.7% of PFI projects on the portfolio provided a data return in 2024. With the eight projects that did not provide a return, the most recently available data from previous years is used.