§ Mr. Matthew TaylorTo ask the Secretary of State for Education and Employment what the estimated rate of return on capital is to the contractors under the PFI contracts for schools. [131350]
§ Jacqui SmithThe Department is not a signatory to any school PFI contracts and therefore does not have full information about the commercial details of these deals. However, our monitoring of deals signed recently suggests that contractors are likely to receive a return on capital of some 8–9 per cent. from PFI schemes in schools.