The following Banking & Finance guidance note Produced in partnership with Addleshaw Goddard provides comprehensive and up to date legal information covering:
The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on the information regarding public procurement in this Practice Note. For guidance, see News Analyses: Deal or no deal―how will Brexit impact public procurement? and Commercial: Brexit and Public procurement.
In addition, the UK government has published high level guidance on public procurement post-Brexit:
Public-sector procurement under the EU Withdrawal Agreement, and
Public-sector procurement after a no-deal Brexit
In the 2018 Budget (delivered on 29 October 2018), it was announced that the government will no longer use PF2 on new projects (see News Analysis: Budget 2018—what does it mean for infrastructure and housebuilding?). However, existing PFI and PF2 projects will continue to run, and given the typical lifespan of such projects this is likely to be for many years.
Public Private Partnerships (PPPs) should focus on promoting efficiency in public services. This can be done through risk sharing and utilising private sector expertise. Sources of capital which can be offered by the private sector can also relieve the pressure on public financing which is increasingly required.
There are numerous forms of PPP creating a family of procurement methods. The more traditional forms are:
partnerships such as LIFTCo’s and LEPs
Public Delivery Organisations
The newer/alternative forms of PPP are:
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