Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

BLUNKETT PLEDGES£3BN FOR SCHOOL REPAIRS

  • Comment
Shadow education secretary David Blunkett has announced plans for a joint public/private sector partnership scheme ...
Shadow education secretary David Blunkett has announced plans for a joint public/private sector partnership scheme designed to eliminate a £3bn school repairs backlog within the life of two parliaments, The Observer reported (p3).

Mr Blunkett said the scheme, which already had outline approval from Hambros and a number of other commercial banks, would have little impact on the public sector borrowing requirement.

A capital programme of about £300m a year could be undertaken with the addition of just £30m of public funds.

Mr Blunkett believes the scheme is radically different from the private finance initiative because the private sector simply bears investment risks, without taking away operational control or ownership of assets.
  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.