United Kingdom

Daniël Vermeer, Alexander Macleod and Andrew Edkins

Chapter 2 in Handbook on Public–Private Partnerships in International Infrastructure Development, 2024, pp 8-49 from Edward Elgar Publishing

Abstract: An overview of the development, criticism, and regulatory framework of public private partnerships (PPPs) in the UK, focusing on the evolution from private finance initiative (PFI) to PF2, is delineated historically. The introduction of PF2 as a simplified approach, government involvement, and subsequent abandonment of PFI and PF2 are discussed. The impact of Carillion’s collapse and the regulatory framework, including various PPP models, are examined. Insights into the UK’s PPP policy framework, the evolving infrastructure market, and challenges related to handback and end-of-life scenarios, are provided. The evolution and challenges of strategic PPP procurement systems for social infrastructure in the UK are explored. Key themes include long-term partnerships, supply-side integration, and need for continuous improvement. Various more successful strategic PPP models, such as the LEP, LIFT, Scottish hub, and Welsh MIM, are examined. Concerns about value for money (VfM) and environmental sustainability are raised, emphasising the importance of collective learning for improved organisational performance in the absence of competitive pressures. The failure of the Building Schools for the Future (BSF) programme in England provides an example of a less successful PPP initiative. Criticisms, especially regarding complexity, costs, and lack of transparency, are discussed. Lessons learned emphasise the variable success of LEPs and the need for better data utilisation in future PPP initiatives.

Keywords: Business and Management; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781839102769.00007 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:19554_2

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().