This report by Deloitte & Touche examines the use in the UK of the Private Finance Initiative (PFI), Local Improvement Finance Trusts (LIFT) and Local Education Partnerships (LEP) public–private partnership models.
It contends that, although these models have been successful in the past and will go on being good options in many situations, the PFI, LEP and LIFT are unsuitable in a range of situations and that new models will be needed in the future to help meet challenges raised by new policies and changes to accounting rules.
The report evaluates the PFI, LEP and LIFT models and describes the conditions in which they are likely to work best. It contends that, by applying a broader range of models in the right circumstances, public sector organisations can improve the likelihood of achieving their infrastructure objectives.
The report proposes five new delivery models that have the potential to offer improved outcomes in situations where PFI, LEP and LIFT are not suitable.