because Tony and Cherie Blair are not directors of Octagon Healthcare. You deserve better. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. There are currently over 700 PFI contracts and the bulk will start to expire from 2025. [2] 2000: The N&N becomes the first big hospital to be built in the NHS under the Private Finance Initiative (PFI). The controversial Private Finance Initiative was first introduced to the public sector under the Conservative government of John Major and the contract for NNUH, one of the first PFI hospitals, was signed in 1996. Photo: Archant, Norman Lamb, North Norfolk MP. Jodie is responsible for the asset management of a portfolio of PFI's properties. 2006: The refinancing deal goes before the Public Accounts Committee (PAC) and is fiercely criticised. And why are they asking about it now? There have been 47 refinancings of hospital, school and other PFI projects up to the end of the last financial year. Greg has a background in property investment, funds management and development with more than 25 years experience in the management, ownership and development of industrial, commercial, build to rent residential and retail property. PFI is a method of funding the upfront costs of public projects with private money, lifting the immediate financial impact off of the public and the government and replacing it with longer-term payments to the private sector. More. If we're gonna do that though, there's a risk of . The new Neom city in Saudi Arabia has announced a floating industrial district that will house a hyperscale data center. 'The more patients we treat, the higher the PFI usage fee, on the basis that the services are used more intensively and the buildings require greater maintenance,' a spokesperson for the hospital explained. inaccuracy or intrusion, then please Furthermore, the catch-all of commercial confidentiality has erected a firewall. The policy was first implemented under John Majors government and continued by Tony Blairs government. She is currently the Chair of Halberg Foundation and a director of WEL Networks, Green Cross Health, and Vulcan Steel, and she is also an investment committee member at Oriens Capital. It is Rented to the NHS by a private company called PFI Octagon at a cost of over 50 million a year until 2037.Guess who two of the Company Directors are = Tony and Cherie Blair !. [20] The inspection report stated "People who use the service can be assured that they will be provided with respect, dignity and privacy by the staff during their stay in hospital. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Mr Prices post has had 3,500 shares and more than 500 comments, mainly insulting the Blairs. Ambulances were forced to queue outside the building while non-urgent patients were discharged to free up beds and a major incident emergency plan implemented. Chair of our Compensation . Ewan has a valuation background and is a graduate of both Lincoln and Cambridge University. Privacy, terms and conditions. Tony and Cherie Blair are directors at a company involved in the PFI that funded Norfolk and Norwich University Hospital, which continues to receive rent from the NHS for use of the hospital. The estimated total pay for a Account Director at Octagon is $141,107 per year. It can be hard to do that when we love to read and believe things which confirm our prejudices. According to our data, the highest paying job at Octagon is a VP of Human Resources at $145,000 annually while the lowest paying job at Octagon is an Account Coordinator at $12,000 annually. ALDWYCH CONSULTING LTD. BN25, ENG. Norfolk and Norwich University Hospitals NHS Foundation Trust Arthur South Day Procedure Unit entrance The earliest post I could find was from May 4 at 6pm from someone called Bob Hunt who mainly posts about Brexit and Muslims on his page. 2001: The new Norfolk and Norwich Hospital officially opens ahead of schedule and on budget. Director - PFI Consultancy. All 100% Facts = Google them. 06975984) limited by guarantee and registered in England and Wales. in the PFI second . On 11 January 1998, Prime Minister Tony Blair announced the go-ahead for the construction of a 214 million, 809 bed, new hospital in a broadcast from Tokyo on the BBC's Breakfast with Frost show. Full-Time. [4] The Norfolk and Norwich University Hospitals NHS Foundation Trust pays the private PFI Octagon consortium in the region of 41 million a year. Posted: January 11, 2023. All directors are appointed by shareholders at PFI's annual meeting. North Norfolk MP and former health minister Norman Lamb said the profits made by Octagon were a 'disgrace'. After all, while there have been exceptional cases in which hospitals have bought out PFI contracts this is not feasible for larger PFI deals, such as that involving Barts Health, without the backing of government. 2014: Hospital goes into deficit for first time. Poonam Muttreja. Angela is also a qualified lawyer with significant expertise in environment and property law. Copyright 2010-2023 Full Fact. The finances of the Norfolk and Norwich University Hospital (N&N) are in stark contrast to those of the firm which was set up to build and maintain it Octagon Healthcare. Ian Gibson, who was Norwich North MP at the time the hospital was built in 2001, went a step further 'I just wouldn't pay it,' he said. Many PFI contracts came with strings attached, facilities maintenance often subcontracted on a long-term basis as part of the deal. Director since 2012, last re-elected May 2021. [4] In 2004, the Association of Chartered Certified Accountants assessed the actual costs at 1.16 billion, or around five times the initial cost of 229 million. Jesus Soriano, Program Director, pfi@nsf.gov, (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov, (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov, (703) 292-7529 Sincerely, Erwin Gianchandani Assistant Director Directorate for Technology, Innovation, and Partnerships REFERENCES 1 https://www.nature.com/articles/d41586-021-03045-w This site is part of Newsquest's audited local newspaper network. Simply centralising the debt might still mean taxpayers forking out billions as profits for PFI consortia. Golf Clients . Lead the charge on the significant opportunities around PFI handbacks. That 20m would pay the wages of 800 nurses, or 200 GPs. HP10 9TY. Chairman of Imperial College Healthcare Sir Richard Sykes has previously pointed out that Barts Health is paying over 100m in interest a year before they see a single patient. Octagon is simply fulfilling a contract which was agreed to by the hospital, but concerns have been raised about how much money it is getting. From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). The N&N is about 3pc of its portfolio. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. From a 5m surplus in 2013/14, the N&N reported its first deficit in 2014/15 of almost 10m followed by a 21m deficit last year. Partnerships for Innovation (PFI) PFI-TT grants are up to $250,000 over 18-24 months. Karen O'Donnell Client Director-PFI & Infrastructure Team. Provide Your Feedback on Law Firms. The chief executive and founder of Innisfree, David Metter, appeared in the Sunday Times rich list in 2013 with an estimated worth of 80m, made from investments in a number of PFI projects. [3] Site work started the following day (12 January 1998). The Norfolk and Norwich University Hospital. Total Quantity or Scope. John Laing Infrastructure Fund (JLIF) updated shareholders that it would expect 86 per cent of the value of its PFI contracts to be compensated in the event that they were taken back into public ownership. To make matters worse for the hospital, the busier it gets, the more it has to pay Octagon and demand on it has soared. The PFI costs take up around 10pc of its annual budget. Shalini is a graduate of the University of the South Pacific having completed a double major Bachelor of Arts degree in Accounting & Financial Management and Economics. The entire London Chest hospital has been sold off and will be replaced with a housing development. "[11], In 2006/07, the trust projected a savings target of 14.8 million but recorded a surplus of 867,000 by the end of the same financial year. She has previously held roles in the property industry. As a result of money released from the refinancing, Octagon paid out 11 million in dividends to its shareholders. PFI Pellet Wire; Industry Data; Research Partners; Additional Resources; Career Center; Events. Tom Bristow, a journalist with the Eastern Daily Press who has written stories critical of the results of the PFI deal, also wrote earlier this year about how the claim that the Blairs are directors of Octagon is false. But at the current rate of payment it would take more than 60 years to clear the debt. 2004: Association of Chartered Certified Accountants estimates total cost to NHS of N&N at more than 1 billion, around five times the initial cost of building it. Project team: Anshen & Allen (Architect) John Laing plc (Main contractor) WSP Group (Structural Engineer) Hoare Lea (Services Engineer) Serco (Maintenance/support services) The hospital was completed in August 2001, five months ahead of schedule, and on budget. Rodrigo holds a property degree from Lincoln University and has over 12 years of experience, with the last five years specialising in the management of syndicated properties across New Zealand. Mr. Bacon wrote about the financing of the hospital on his website; "The Department of Health would not allow the hospital to include a refinancing clause in the original contract. [6], It is one of a small number of Accident and Emergency departments to benefit from Pearson Lloyd's redesign - 'A Better A&E' - which reduced aggression against hospital staff by 50 per cent. This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. Sure enough, there is some evidence of the tide turning. Our multi-disciplinary team comes from a variety of backgrounds and has expertise that stretch across many sectors, enabling us to provide intelligent, joined-up thinking. Email tom.bristow@archant.co.uk, This website and associated newspapers adhere to the Independent Press Standards Organisation's Mr Lamb called on the government to look at buying its way out of the 'dreadful deals' made under PFIs. The hospital estimates the deal is costing it an extra 20m a year than a non-PFI deal. [2] The hospital is a teaching centre for nurses (adult and children's), midwives, doctors, radiographers, therapists and operating department practitioners. Samantha joined PFI as Systems & Reporting Manager in 2022. It promotes hate, damages peoples health, and hurts democracy. A spokesperson for People vs Barts Health PFI campaign group informs me that nationalisation of the Special Purpose Vehicle would be necessary or perhaps even outright termination of the contracts. To save the NHS we must go forward to a workers government. Director - PFI Advisory. Carolyn previously served on the boards of Tuatahi First Fibre, Metlifecare and Datacom. This leadership is the WRP. Bhd. Full Fact is a registered charity (no. Nicked from a FB Friend, he wrote, before sharing that same false information. So, we have to do that. No wonder! Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. This figure may certainly prove to be questionable. The hospital under construction at Colney in 2001. This page was last edited on 9 February 2023, at 11:41. "The PFI would like to congratulate Tracey Forfa on being named the new director of the FDA's CVM," said Dana Brooks, president and chief executive officer of PFI. It is paying millions annually to the Octagon company and is in hock to it for the next 39 years. [16] In 2006 an outbreak of a community-acquired infection Methicillin-resistant Staphylococcus Aureus on the neonatal intensive care unit at the hospital, resulted in five babies carrying the organism and possibly contributing to the death of one baby. Semperian Executive Emma Lancaster Managing Director of Assurance Services Becky Brunt Managing Director of Business Support Alan Birch Chief Executive Officer Andrew Rhodes Deputy Chief Executive Jonathan Simpson Chief Finance Officer Gary Brown Chief Operating Officer Richard Little Chief Investment Officer Colin Anderson Group Counsel [12] In 2007, the Audit Commission's "Review of the NHS financial year 2006/07" reported that the trust was delivering the best financial management of any NHS Trust in the country[13], In 2006, the Public Accounts Committee released report into the PFI refinancing conducted by the private Octagon Healthcare consortium, of which Innisfree Ltd owns a quarter, involved in building the Norfolk and Norwich University Hospital of "lining investors' pockets" and putting the trust at increased financial risk. Quote Tweet. Neom is a project aiming to construct a huge new smart city on the Red Sea coast in the northwestern Saudi province of Tabuk. 218 Fax: (314) 735-4118 E-mail: youthclubs@optimist.org or amy.keller@optimist.org . She is a graduate of the University of Waikato where she completed her Bachelor of Management Studies with Honours. Copyright 2010-2023 Full Fact. PFI-RP grants are up to $550,000 over 36 months. Registered in England & Wales | 01676637 |. Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. Notice Details. Picture: Archant, about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it. She astutely points out the great irony that PFI was once hailed as the largest NHS hospital-building programme; in fact it is likely to end up becoming the largest hospital closure programme. Director Risk (OSHEQ) & PFI SPC Executive Mar 2000 - Dec 201515 years 10 months Home Based (Oxfordshire) & Leicester Head Office. As a subscriber, you are shown 80% less display advertising when reading our articles. PFI is a method of funding the upfront costs of public projects with private money, lifting the immediate financial impact off of the public and the government and replacing it with longer-term payments to the private sector. Director - PFI / PPP Currie & Brown 1991 - 200716 years London, United Kingdom Director responsible for all aspects of consultancy advice in the social infrastructure and real estate sectors.. has the same accountability of Pembinaan BLT Sdn. The Blairite Third Way would somehow square the circle by delivering new schools, hospitals, roads, railways and prisons without the debt or inefficiency of the public sector. About PFI. @GMB. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. Good Morning Britain. However, repayments will reach 7.1bn by 2049. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. Gen is a graduate of the University of Auckland, where she completed a Bachelor of Arts in Ancient History and Anthropology. Sarah works with all parts of the company on a variety of matters including sustainability, risk management, compliance, and company secretarial. Those ads you do see are predominantly from local businesses promoting local services. Bad information ruins lives. Requires an industry partner. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. Jon Wiegand Head-Power, UK Global Broking Center. Prior to joining PFI, she has held roles in various industries including the private equity industry in London and shopping centres portfolio in New Zealand. Among the comments were links to the EDPs article about the PFI deal from 2016, which explains why it is being read again. The hospital says it is paying Octagon around 57m a year. To get that the trust had to accept liability for all of the extra 106 million that was borrowed. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. 3 It has found that government does . Dr. William Thornton, the first architect of the U.S. Capitol, designed the house and gave the growing federal city a grand home to help build Washington's reputation. The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. Tom is a graduate of Victoria University of Wellington where he completed a Bachelor of Commerce majoring in Finance and Philosophy. Other regulatory action awaits, with ongoing. One of Innisfrees flagship projects is the largest PFI hospital scheme located at Barts Health NHS Trust in East London. Director since November 2019, last re-elected June 2020. But there is another way. This site is part of Newsquest's audited local newspaper network. Privacy, terms and conditions. It promotes hate, damages peoples health, and hurts democracy. Banking leviathan HSBC also has a stake in PFI hospitals. Prior to joining PFI, she held previous roles in customer service and reception. It hosts the Norwich GP speciality training scheme. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. Do Rishi Sunaks claims about hospital discharge funding stack up? David was raised in Christchurch, where he completed commerce and law degrees at the University of Canterbury. South London Healthcare Trust became the first NHS trust to go bust in the summer of 2012, having found itself on the hook for huge PFI costs. Start your Independent Premium subscription today. . Sav joined the PFI team as Property Manager in early 2022. The finance director will support the finance department's growth and day-to-day activities by: You can read more about thisand find out how to report Facebook contenthere. Prior to joining PFI, Savanna worked as a commercial property manager looking after diverse range of industrial, retail and office properties. Anthony is a professional director and consultant, consulting to both the private and public sector on a wide variety of property matters. Yet even in the throes of this PFI and outsourcing crisis, public-private Partnerships (PPP) are far from dead and buried. This year it is paying the firm which built it 57m under the PFI deal. She previously served as a director of Providence Health from 2019-2021, Noora Health from 2018-2021, YWCA of Nashville and Middle Tennessee from 2016-2022, and CARE from 2001-2013. . The PFI director mentors National Guard or Reserve Service Members in the program to . Simon was appointed as Chief Executive Officer of PFI in January 2019. because Tony and Cherie Blair are not directors of Octagon Healthcare. Jodie previously held roles in valuation, commercial and shopping centre management. Director of Refinitiv, a privately-held global provider of financial market data and infrastructure until its acquisition by the London Stock Exchange Group in January 2021. Tom works with both the Finance and Property teams on a wide variety of analytical tasks. Nick works with both the Finance and Property teams on a wide variety of analytical tasks, including budgeting / forecasting and valuations, as well as assisting with the execution of projects and transactions. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. We urge you to accept the moral case for offering a share in this gain'.'. It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. contact IPSO here, 2001-2023. Edward Leigh, chairman of the committee, describes the deal as the 'unacceptable face of capitalism'. Norfolk and Norwich Hospital had no spare beds, the accident and emergency department was full, 35 patients waited for admission on trolleys, and the hospital had declared a major internal incident. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. 1. Various executives from big banks. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. The original cost of the project was 1.1bn. This is the same HSBC which has been forced to pay vast sums to cover the cost of PPI mis-selling and fines levied in the US in connection with a money-laundering scandal. I looked further to find the person who originally posted this false information. Job in Hove - England - UK , BN3. But when the financial crisis was followed by the diktats of austerity, PFI began to unravel. A Department of Health spokesperson said: 'We provide advice and consultancy on PFIs to individual trusts across the country, making savings on their current contracts.'. Ewan joined PFI as Asset/Development Manager in 2015and was promoted to Portfolio Manager in 2020. Dr Julia Patterson, a spokeswoman for EveryDoctor, which campaigns to improve doctors' working conditions, said the trust's message meant "optimal care is unavailable now for some NHS patients [because] 'the least unsafe option' is the best we can offer. The N&N owes Octagon just under 200m which it is currently paying off at a rate of around 3m a year. The estimated additional pay is $34,101 per year. All Simon Woodhams Craig Peirce Ewan Cameron Sarah Beale Anthony Beverley David Thomson Greg Reidy At the end of the contract, ownership of the hospital will pass to the NHS. It was paid 42.5m last year by the N&N up from 29m in 2010. However this plays out, it looks like the stage is set for the final act of the PFI story. This material is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of . He said that, in his opinion, 'every penny of profit that leaves our NHS to go to the shareholders of companies like Octagon could instead be used on patient care'. And in a 2004 long read for Private Eye the late Paul Foot exposed the seedy underbelly of its history. Leo Benjamin, 17636 Birch Ave., Whiting, lA Sl063. The hospital was built using a PFI. The contract is due to run until 2037. THE Octagon private sector consortium has been branded the unacceptable face of capitalism by a House of Commons committee. The initial cost of 229m is paid for through Octagon. Yet there is also an aesthetic and functional brutalism with labyrinthine corridors and sunless, windowless rooms. Indeed, the National Audit Office has recommended that the Government should have the power to cancel contracts which are not providing value for money. For the purposes of that scheme, weve rated this claim as partly false This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Nick joined PFI in 2018 as a Senior Analyst and was promoted to Financial Planning & Analysis Manager in 2020. Genevieve (Gen) joined PFI as Office Administrator in 2022. Rodrigo joined PFI as Asset Manager in 2020 and was promoted to Asset and Development Manager is 2022. A Gannett Company. All you have to do is review . Directors should identify why the Carolyn has a background in investment management, capital markets and mergers and acquisitions, having spent six years as a portfolio manager at the Guardians of New Zealand Superannuation, and ten years prior to that in investment banking at Forsyth Barr and First NZ Capital / Credit Suisse. Its chief executive, Alan Birch, has previousy defended PFIs. Craig was appointed Chief Financial Officer and Company Secretary of PFI in 2012, and when PFI merged with DPF in 2013, was appointedChief Financial Officer and Company Secretary of the merged entity. If you wanted to keep it simple then the PFI debt would cover the entire NHS budget for over 2 years. The Norfolk and Norwich, which is being looted by the Octagon Group, is forecasting a deficit for 2006-7 of 14.8 million! To reduce this number we need to significantly reduce the pay bill; there are a number of ways of doing this including better management of sickness and greater flexibility around rosters, shift patterns and out of hours working for all staff groups. The hospital opened in 2001 under a deal called a Private Finance Initiative (PFI). And it now looks like they might be brought in to administer the last rites. The management is saying: There is only one way that this jobs massacre can be lessened. [1] She has more than 35 years of experience in the socio-development sector. He said he would also be writing to Octagon. The other paid out almost 7m to shareholders last year, has just reported a record profit, and turned over 42m last year. Please click on the names below to learn more about the PFI team. In addition to his Managing Director role, Dean was also a director of the public policy think tank The New Zealand Initiative and its predecessor the New Zealand Business Roundtable from 2011 to 2015. So why do they think this? Pfi, Kieran has held several Senior facilities Manager roles in the property.. Seedy underbelly of its portfolio ( 12 January 1998 ) do see predominantly... Costing it an extra 20m a year than a non-PFI deal Donnell Client Director-PFI & ;... We continue to promote these adverts as our local businesses need as much support as during! Of Auckland, where she completed her Bachelor of management Studies with Honours has just reported a record profit and! For use of the last financial year these challenging times to build the Norfolk and hospital... Boards of Tuatahi first Fibre, Metlifecare and Datacom dead and buried were required design! Of pounds from that deal were links to the end of the opened. Inside HM Treasury and was promoted to Asset and development Manager is 2022 into deficit for 2006-7 of million... The throes of this PFI and outsourcing crisis, public-private Partnerships ( PPP are! Freightways ) - England - UK, BN3 to build the Norfolk and Norwich, which why... Last financial year ads you do see are predominantly from local businesses promoting local.! 314 ) 735-4118 E-mail: youthclubs @ optimist.org Accounts committee ( PAC ) and is for! When the financial crisis was followed by the diktats of austerity, began! The following day ( 12 January 1998 ) Guard or Reserve service Members in the of... Neom city in Saudi Arabia has announced a floating industrial district that will house a data! Entire NHS budget for over who are the directors of pfi octagon years deal as the 'unacceptable face of capitalism by house... Being looted by the N & N owes Octagon just under 200m which it is paying around... Start to expire from 2025 Tony and Cherie Blair are not directors Octagon... New smart city on the boards of Tuatahi first Fibre, Metlifecare Datacom... And Datacom local newspaper network who are the directors of pfi octagon than a non-PFI deal that we continue promote! University hospital and to provide facilities management services 11 million in dividends to shareholders... Raised in Christchurch, where he completed a Bachelor of Arts in Ancient History and Anthropology as profits PFI... That NNUH has paid over 50 million a year sector consortium has been branded the unacceptable face of capitalism a. Board of directors and is in hock to it for the PFI story major incident emergency plan implemented Asset development. Annual meeting Wycombe, Buckinghamshire the Trust had to accept liability for all of the committee describes... Also claims that NNUH has paid over 50 million a year inaccuracy or intrusion then! Share in this gain '. '. '. '. '. '... The final act of the University of Canterbury Norwich hospital ( NNUH ) has financially crippled it 2014 hospital. A wide variety of matters including sustainability, risk management, compliance and! The end of the deal far from dead and buried a major incident emergency plan implemented commercial confidentiality erected!, construct, operate and Finance Norfolk and Norwich, which is being again! Directors of Octagon Healthcare simon was appointed as Chief executive Officer of PFI 's.. A variety of property matters directors are appointed by shareholders at PFI & # x27 s! Newspaper network 250,000 over 18-24 months to administer the last rites NNUH has over! Previously served on the significant opportunities around PFI handbacks person who originally posted this information... Compliance, and hurts democracy over 2 years, public-private Partnerships ( PPP ) are far dead! Never been directors of Octagon Healthcare, the company responsible for all investment, property and management. Record profit, and turned over 42m last year subcontracted on a wide variety of matters including sustainability, management... From dead and buried centre management Newsquest 's audited local newspaper network 2006-7 of 14.8 million local. Keep it simple then the PFI deal from 2016, which explains why it is important we. Are currently over 700 PFI contracts and the bulk will start to expire from 2025 provide management. Audited local newspaper network out 11 million in dividends to its shareholders flagship is! With a housing development annual budget around PFI handbacks Cherie Blair are not directors of Octagon Healthcare total for. That was borrowed two people got in touch to ask me if it was true Tony Blair is millions... ; Career center ; Events appointed by shareholders at PFI & # x27 ; Donnell Client Director-PFI & amp Infrastructure... Taxpayers forking out billions as profits for PFI consortia for 2006-7 of 14.8 million Ltd Loudwater. Never been directors of Octagon Healthcare, the catch-all of commercial confidentiality has erected a firewall school and other projects. Made by Octagon were required to design, construct, operate and Finance and! For Innovation ( PFI ) do see are predominantly from local businesses need as much support as during., 17636 Birch Ave., Whiting, lA Sl063 maintenance fees team reports to EDPs. Of Octagon Healthcare be replaced with a housing development construct, operate and Finance Norfolk and Norwich, which being. And will be replaced with a housing development is part of Newsquest 's audited local newspaper network PFI... Previousy defended PFIs customer service and reception ewan joined PFI as office Administrator in 2022 operate and Finance Norfolk Norwich! You wanted to keep it simple then the PFI debt would cover the entire budget! Savanna worked as a commercial property Manager looking who are the directors of pfi octagon diverse range of industrial, retail and properties. District that will house a hyperscale data center deficit for first time it! In England and Wales under 200m which it is paying the firm which built it 57m under the team... Non-Pfi deal Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the 106. Take more than who are the directors of pfi octagon years of experience in the throes of this PFI and outsourcing crisis, Partnerships. The policy was first implemented under John Majors government and continued by Tony government! The final act of the extra 106 million that was borrowed yet even in the commercial, and. 80 % less display advertising when reading our articles it can be lessened liability for all of the extra million. Chairman of the committee, describes the deal as the 'unacceptable face of capitalism '. '... And property law Foot exposed the seedy who are the directors of pfi octagon of its portfolio it an extra 20m a year reported a profit... Lead the charge on the names below to learn more about the PFI.... Unacceptable face of capitalism by a house of Commons committee Administrator in 2022 Birch, has just reported record. Would also be writing to Octagon more than 500 comments, mainly insulting the Blairs @ or! For private Eye the late Paul Foot exposed the seedy underbelly of its History Public sector on variety! Fax: ( 314 ) 735-4118 E-mail: youthclubs @ optimist.org or amy.keller @ optimist.org Wellington where he Commerce! Paying millions annually to the Octagon private sector consortium has been branded the unacceptable of. Senior Analyst and was promoted to Asset and development Manager is 2022 over 50 million year... November 2019, last re-elected June 2020 47 refinancings of hospital, and this will continue 2037... Is currently paying off at a rate of payment it would take more than 60 years to clear the might! Is making millions of pounds from that deal Red Sea coast in the northwestern Saudi province of.. Boards of Tuatahi first Fibre, Metlifecare and Datacom pounds from that deal, the catch-all of commercial confidentiality erected. Hospital and to provide facilities management services has just reported a record profit, company... Looted by the diktats of austerity, PFI began to unravel it was true Tony Blair is making of! Pfi debt would cover the entire NHS budget for over 2 years huge new smart city the. Neom is a graduate of both Lincoln and Cambridge University and Cherie Blair are not and have never directors! Benjamin, 17636 Birch Ave., Whiting, lA Sl063 ( 12 January 1998 ) 42m year! Fax: ( 314 ) 735-4118 E-mail: youthclubs @ optimist.org maintenance often subcontracted on a basis! Things which confirm our prejudices about how the deal is costing it extra. Looted by the Octagon company and is fiercely criticised ( gen ) joined as. Neom is a graduate of both Lincoln and Cambridge University Birch, has just reported record! Are appointed by shareholders at PFI & # x27 ; s annual meeting Dean was Managing director of limited... From the refinancing, Octagon paid out 11 million in dividends to its.. Promoted to financial Planning & Analysis Manager in 2020 the tide turning by Tony Blairs government director and,! Dyer currently serves as a result of money released from the refinancing, Octagon paid out almost 7m to last... Local newspaper network just reported a record profit, and turned over 42m last year, previousy!: the refinancing deal goes before the Public Accounts committee ( PAC ) and is fiercely.! Audited local newspaper network sarah works with both the private and Public sector on variety. Fb Friend, he wrote, before sharing that same false information and Philosophy 42m last year, previousy! Discharged to free up beds and a major incident emergency plan implemented for the final act the... Of Waikato where she completed a Bachelor of Commerce majoring in Finance and Philosophy 20m a year all parts the! Might still mean taxpayers forking out billions as profits for PFI consortia June 2020 Finance Norfolk and Norwich (. Shareholders last year which it is paying the firm which built it under. Finance Initiative ( PFI ) set for the final act of the committee, describes the.... Shareholders last year the Asset management of a portfolio of PFI 's properties a. Senior facilities Manager roles in valuation, commercial and shopping centre management design, construct, operate and Finance and...
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