HC Deb 17 June 2002 vol 387 c154W
Mr. Bercow

To ask the Secretary of State for Health what estimate he has made of the total savings to public funds of the Private Finance Initiative contract for the old age psychiatry services for the Stockport NHS Trust by comparison with a non-Private Finance Initiative alternative. [49521]

Mr. Hutton

The Stockport National Health Service Trust business case justifying the individual schemes estimated the annual net savings in present value terms (for example all future costs and benefits discounted to their present values) compared with publicly funding the scheme as follows:

Net present costs of public sector comparator (PSC) v. PFI option
Private finance initiative 3,350
Public 3,379
Annual savings in net present value terms 29
Percentage difference—0.9