COMMONS

Private Finance 2

Inquiry status: Report published.

The committee reported on the Private Finance Initiative in July 2011, highlighting the absence of clear evidence of savings and benefits in PFI projects that were sufficient to offset the higher cost of private finance and the significant incentives to use PFI that were unrelated to value for money.

On the 5th December 2012, the Government concluded its review of the Private Finance Initiative (PDF PDF 202 KB) (PFI) and published details of a new approach to using the private sector in the delivery of public infrastructure and services, Private Finance 2 (PF2).

This inquiry will examine to what extent, the Government’s PF2 proposals address the concerns previously raised.

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    Glossary

    • Reports and associated evidence – Reports of Committee inquires. This category may also include Special Reports where they are used by a Committee to bring matters relating to conduct of its business to the notice of the House.
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    • Other oral and written evidence - Evidence taken by the Committee that has yet to or did not result in the publication of a Report. This includes transcripts of recent meetings.
    • Estimate Memoranda - An Estimate memorandum is an explanatory note that accompanies a government department’s estimate (a means by which a department seeks authority from Parliament for its spending plans).
    • Correspondence - Correspondence sent from or received by the Committee or its Chair.

Select Committee Inquiries

Select Committees carry out inquiries on areas ranging from the work of government departments to economic affairs. The results of these inquiries are public and many require a response from the Government.

Stages of an inquiry

Most, but not all, Select Committee inquiries are conducted as follows:

  • Written evidence called for
  • Oral evidence sessions held
  • Report published
  • Response published

Not all inquiries result in a Report

Guidance for witnesses submitting written evidence

Please note that electronic copies of written evidence MUST be provided in Word format. If a paper copy of evidence is submitted, it should be clearly printed or typed on single sides of A4 paper, unstapled. The Committee may refuse evidence received in any other formats.