Over the next five to ten years, hundreds of PFI contracts are due to expire and with the first wave already underway, many local authorities are beginning to consider how best to prepare.
As expiry approaches, a wide range of strategic and operational issues come into focus. Authorities may need to review asset management approaches, rethink service delivery models, and navigate potential changes in responsibilities.
In addition, many may face new financial pressures related to the operational and maintenance costs of PFI-funded assets once they return to public ownership.
This moment presents a valuable opportunity to transition toward more resilient, efficient, and future-proof service models. We strongly encourage authorities to begin planning as far in advance as possible to ensure smooth handovers and secure long-term value.
The Public Accounts Committee has already raised concerns about how some PFI handbacks are being managed. That’s why accessing professional support such as the consultancy services available through NEPRO³ can be critical in getting ahead of these challenges.
Many experienced suppliers within the NEPRO ecosystem have deep expertise in managing PFI transitions. To support this need, we’ve introduced a dedicated PFI subcategory under Asset Management, which is already being used by authorities across the UK including those in Local Government and the NHS.
