With better public services at the heart of government agendas, the need for private sector involvement in their delivery and management has intensified.
The pioneering role of the Private Finance Initiative (PFI) brought the private sector into asset financing, procurement and management, while Public Private Partnerships (PPPs) have brought the private sector into areas of public sector business where more service provision and greater flexibility is required.
Arrangements such as the National Health Service (NHS) and the Local Improvement Finance Trust (LIFT) schemes group smaller public sector clients together so as to derive, jointly with the contractor, the benefits of repeat projects. Local authorities now aim to involve strategic private sector partners in all aspects of improvement to services.
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