apse
Association for Public Service Excellence
  • Facebook
  • Twitter
  • Linkedin
  • apse Blog
Who we are
What we do
Events

Building the Future without Banks!

Participated in a Chatam House rules event organised by the Royal Institute of British Architects at One Great George Street in London. Basically the event was a debate about how we continue to construct public sector infrastructure in an environment where the banks are unable or unwilling to lend the money necessary to fund such vast projects.

As it was a private discussion I will have too generalise but needless to say the future of PFI looks grim as the sums involved are collosal and the banks are looking at maximum terms of seven to ten years for such high level loans. In the past of course the typical lending term for a PFI deal has been twenty five years. It looks like traditional procurement could be set for a major comeback.

One of the worrying items discussed was the fact that a large number of deals were at advanced stages and without Government guarantees would be unlikely to be concluded. If these deals for schools, hospitals, motorways and waste treatment facilities collapse then it goes without saying that the depths of the economy could plunge to a new all time low. It would of course be the final nail in the coffin for what is left of the construction industry and the knock on effects would be catastrophic.

Postnote:
Subsequently of course the Government have announced £13B of guarantees to make sure these deals don't collapse.

Promoting excellence in public services

APSE (Association for Public Service Excellence) is a not for profit local government body working with over 300 councils throughout the UK. Promoting excellence in public services, APSE is the foremost specialist in local authority frontline services, hosting a network for frontline service providers in areas such as waste and refuse collection, parks and environmental services, cemeteries and crematorium, environmental health, leisure, school meals, cleaning, housing and building maintenance.

           

 

          

  • Facebook
  • Twitter
  • Linkedin
  • apse Blog