Private Finance Initiative

HC Deb 19 March 1996 vol 274 c147W

Ms Armstrong

To ask the Secretary of State for the Environment if he will list the primary and subordinate legislation affecting local authorities's ability to take advantage of the private finance initiative; and what plans he has to(a) consolidate this legislation and (b) provide a guide to it for those companies wishing to enter into partnerships with local authorities. [21557]

Sir Paul Beresford

The primary legislation is parts IV and V of the Local Government and Housing Act 1989, as amended. Subordinate legislation aimed at assisting local authorities to take advantage of the private finance initiative is as follows:

• The Local Authorities (Companies) Order 1995 [SI 1995/849]
• The Local Authorities (Capital Finance and Approved Investments) (Amendment) Regulation 1995 [SI 1995/850]
• The Local Authorities (Capital Finance and Approved Investments) (Amendment) (No. 2) Regulations 1995 [SI 1995/1982]
• The Local Authorities (Capital Finance and Approved Investments) (Amendment) Regulations 1996 [SI 1996/568]
• The Local Authorities (Companies) (Amendment) Order 1996 [SI 1996/621]

Consolidation of the capital finance regulations is in hand, as in the preparation of a guide to the capital finance system. My Department will ensure that there is adequate advice, for both local authorities and potential provider companies, on the private finance initiative in local government.