The Government is to create a new one billion pound private sector-led body to help increase and improve investment in the UK’s public services from private sources. Partnerships UK will employ City experts to help the public sector get the best deal from the Private Finance Initiative and other forms of public-private partnerships. Partnerships UK will act as a project manager for PFI deals, providing public sector organisations – from Whitehall departments to local education authorities – with expert advisory and implementation skills. The move to set up the company follows from recommendations made by Sir Malcolm Bates in his second report on the PFI.
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