Hansard

Private Finance Initiative

Volume 463: debated on Tuesday 24 July 2007

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Chris Grayling

To ask the Chancellor of the Exchequer (1) how much his Department has spent on legal advice for the private finance initiative credit guarantee finance pilots; (152428)

(2) what assessment he has made of the lessons of the private finance initiative credit guarantee finance pilots;

(3) whether the private finance initiative credit guarantee finance scheme will be rolled out nationally.

Angela Eagle

The Government continue to monitor and assess the Credit Guarantee Finance (CGF) scheme. The Government have previously announced that they do not intend to use CGF for more than a limited proportion of their PFI programme.

The total amount HM Treasury has spent on legal advice for CGF pilots is £361,000.