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 steps they take to detect when (1) equity holders, or (2) special purpose vehicles, transfer ownership of their stake in a project without notifying the contracting authority; and how often this has occurred in the last five years.

The Infrastructure and Project Authority, now the National Infrastructure and Service Transformation Authority as of the 1^st April, collects data annually on PFI projects. This includes for each Special Purpose Vehicle the UK registered company number, name and address and the name of the equity holders (investors) in the Special Purpose Vehicle. Standard contract drafting provides that a contractor shall inform an authority as soon as reasonably practicable, and in any event within [30] days, of any change of ownership occurring. This information is collated and published annually.