Financial strategy and private finance initiative - for iPad/Mac/PC: Recent Episodes
The Open University
Does a hospital have to be owned and managed by the same sector that provides its services? In the early 1990s, the Private Finance Initiative was the Treasury's brainwave to provide the public sector with better value for money. Designed to fund public infrastructure such as hospitals, roads and accommodation through private money from consortiums, these contentious schemes indicated a radical cultural shift towards outsourcing. The 13 video tracks in this album introduce the complexities involved in project financing from both public and private perspectives and feature case studies on Calderdale hospital in Halifax and Altcourse Prison in Fazakerly. The audio track examines the PFI and asks whether it provides a good deal for the public or if it's another profit-making venture for the private sector. This material forms part of The Open University course B821 Financial strategy.
Transcript -- Comparing the Private Finance Initiative with financing through the public sector.
Transcript -- Choosing the PFI route means Calderdale NHS Trust can finally have a new hospital.
Transcript -- A look at how the monetary risks inherent in a PFI project are calculated and managed.
Dawn Stephenson and Haydn Cook discuss their experiences of securing a PFI deal for Calderdale hospital.
Transcript -- Dawn Stephenson and Haydn Cook discuss their experiences of securing a PFI deal for Calderdale hospital.
From securing the funding to completing the construction of PFI-funded Calderdale Hospital.
Transcript -- From securing the funding to completing the construction of PFI-funded Calderdale Hospital.
Members of the Calderdale NHS trust and the private consortium discuss the affordability of the new hospital.
Transcript -- Members of the Calderdale NHS trust and the private consortium discuss the affordability of the new hospital.
How the merging of Calderdale and Huddersfield NHS trusts affected the PFI scheme for Calderdale hospital.
Transcript -- How the merging of Calderdale and Huddersfield NHS trusts affected the PFI scheme for Calderdale hospital.
Transcript -- The introduction of the voluntary code, brought in by the National Audit Office .