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United Kingdom

In: Handbook on Public–Private Partnerships in International Infrastructure Development

Author

Listed:
  • Daniël Vermeer
  • Alexander Macleod
  • Andrew Edkins

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.

Suggested Citation

  • Daniël Vermeer & Alexander Macleod & Andrew Edkins, 2024. "United Kingdom," Chapters, in: Stewart R. Clegg & Yongjian Ke & Ganesh Devkar & Vince Mangioni & Shankar Sankaran (ed.), Handbook on Public–Private Partnerships in International Infrastructure Development, chapter 2, pages 8-49, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:19554_2
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    File URL: https://www.elgaronline.com/doi/10.4337/9781839102769.00007
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