HC Deb 18 December 1995 vol 268 cc915-6W
Mr. Betts

To ask the Secretary of State for the Environment if he will provide, for the schemes so far agreed under the PFI, the level of financing costs above the current cost of Government borrowing for the scheme with(a) the highest financing costs and (b) the lowest costs. [5692]

Sir Paul Beresford

[holding answer 14 December 1995]: The capital and financing costs of a PFI project are a matter for the private sector. The Department's responsibility is to ensure that it, and its sponsored bodies, get value for money for any payments they make. Value

Title objectives Fieldwork start date Location Researchers Number of respondents
Community Identity Research Ascertain public perceptions January 1993 Derbyshire[...] Cleveland[...] North Yorkshire[...] Linconshire[...] Avon[...] Glou[...]s, Somerset MORI 10.000
The Children's Initiative To establish knowledge of. attitudes towards and involvement in Environmental action January 1993 England Millward Brown 1.090

for money appraisals are not required to include a notional public sector comparator for projects where no public funding is available.

Mr. Betts

To ask the Secretary of State for the Environment if he will provide revenue forecasts for the current year and the next five years of expenditure on schemes provided under the PFI. [5755]

Sir Paul Beresford

[holding answer 14 December 1995]: The Department of the Environment and its sponsored bodies attracted around £4 billion in private investment in support of its programmes in 1994–95 and expects to increase that figure in 1995–f96. This will assist the delivery of a very large number of projects, most notably ones relating to housing, inner cities and regeneration. Secondary legislation to encourage and facilitate private finance initiative schemes in the local authority sector came into effect from I April 1995 and the Government aim to implement further measures, announced on 31 October Official Report. columns 181–83, by I April 1996. It is not practicable for the Department to collect detailed information on each project being advanced under private financing arrangements.

Mr. Betts

To ask the Secretary of State for the Environment if he will provide a breakdown of administration costs incurred to date and forecast for the future of PFI work. [57441]

Sir Paul Beresford

[holding answer 14 December 1995]: The Department of the Environment and its sponsored bodies seek to attract maximum private finance in support of departmental programmes. The administrative costs of this activity arc not separately identified.