Education and skills rank high for PPPs in UK

The education and skills sector is near the top of UK government spending on public–private partnership (PPP) contracts, a report shows.

A report from International Financial Services London looks at PPPs (also called Private Finance Initiatives - PFIs - in the UK) and finds education to be the largest sector for PPPs in 2007, with contracts totalling £2.4 billion.

PPPs have been widely developed in the United Kingdom over the past decade, with spending on education increasing from £373 million in 2003 to more than £2,415 million in 2007. This has seen the share of education sector PPPs rise from 11 percent to more than 30 percent between 2003 and 2007.

The education and skills sector has ranked highly out of all PPPs over the past decade. It had a 15.5 percent share, or £9,268 million, of the cumulative total for 1987–2006.

The IFSL report is at this web page.