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Private Finance Unit

Volume 454: debated on Wednesday 6 December 2006

To ask the Chancellor of the Exchequer (1) how many staff work in the Private Finance Unit; and at what grade; (104766)

(2) what the remit is of the Private Finance Unit; and how its performance is assessed.

The team in the Treasury responsible for the private finance initiative contains 11.5 full-time posts, two of which are at senior civil service level. The staff concerned are responsible for market-wide PFI policy including contract standardisation and guidance and value for money and other guidance. Responsibility for the management of specific PFI project rests with departmental PFI units, rather than the Treasury.