By Moira FischbacherP. B. BeaumontThe prominence of Private Finance Initiative (PFI) and Public-Private Partnership (PPP) policy and practice is growing as a mechanism for improving resources available to, and value for money throughout, UK public services. The authors draw on the experience of a National Health Service PFI project to examine key aspects of the PFI process, in particular, structural characteristics affecting design and implementation of PFI projects, financial and other organizational costs, and the nature of stakeholder involvement and the wider employment dimension. The article concludes by reflecting on implications for PFI/PPP policy, management and research.

Public Money & Management Volume 23: Issue 3. ISSN: 0954-0962