Housing PFI

• gives control over the levels of capital investment made within the public sector
  
  
• allows continued ownership of social housing by local authority
  
  
• brings in private sector investment
  
  
• transfers risk to the private sector
  
  
• utilises private sector management skills
  
  
• makes procurement and service competitive
  
  
• contractually ensures high standard of build and maintenance
  
  
• fixes operating costs
  
  
• is focused on delivery rather than input
  
  
• does not affect tenants’ rights
  
  
• enables regeneration when otherwise none might be possible on a similar scale

Prepared by Brian Williams in July 2009 as an appendix to the transformation of Orchard Park, Hull (main page).