Money for Nothing: Private Finance Initiatives in the UK

Private finance initiative is the coalition's favoured method for funding capital projects. But, Mark Hellowell argues, PFI offers poor value for money and is in need of substantial reform. The private finance initiative (PFI) is the coalition government's favoured method for funding capital projects. But, Mark Hellowell writes, the cost of PFI has increased significantly since the credit crunch of 2008, and there is a need for substantial reform to improve the policy's value for money.