The project was the first large PFI hospital scheme in the NHS. The Norfolk and Norwich University Hospital was also highly commended in the Commission for Architecture and the Built Environment Prime Minister's Better Public Building Award in 2002. Ultimately, though, the fiat of government legislation is sufficient to overhaul PFI. 'The whole PFI programme was massively ill-judged,' he said. "[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. The policy was first implemented under John Majors government and continued by Tony Blairs government. 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. Greg is also director of Reidy & Co Limited. Our verdict The hospital was built using a PFI. It received 3m from Octagon last year. In this situation of financial crisis it has also accepted its liability for Octagon being able to repay its debts. PFI, it could be said, underlines that austerity is a political choice rather than a necessity. Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. [2] He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. The Trust is taking a range of measures to deal with this hugely challenging deficit; careful cost control, service redesign, and reducing an overall pay bill that accounts for 60 per cent of our budget. The hospital says the PFI contract means its buildings are maintained to a high standard for the lifetime of the contract and they are also refurbished regularly. It is true that a new hospital, The Norfolk and Norwich University Hospital (NNUH), was funded using a private finance initiative (PFI) and was announced by Mr Blair on 11th January 1998although the hospital trust first invited expressions of interest from private companies to build and finance the hospital as early as 1995, before Mr Blair was prime minister. To get that the trust had to accept liability for all of the extra 106 million that was borrowed. Associate Director of Estates new Lewisham and Greenwich NHS Trust 3.7 London SE13 The process is simple and we do most of the work. Golf Clients . Angela recently joined PFIs Board in February 2023. Apr 23, 2020 Happy St George's Day to Palestinians, English, Georgians, Serbs, Portuguese, Maltese and Lithuanians everywhere who share his named day! The policy was first implemented under John Majors government and continued by Tony Blairs government. This page was last edited on 9 February 2023, at 11:41. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. HP10 9TY. contact IPSO here, 2001-2023. Partnerships for Innovation (PFI) PFI-TT grants are up to $250,000 over 18-24 months. Prior to joining PFI, she held roles in hospitality, retail and travel. Good Morning Britain. David was raised in Christchurch, where he completed commerce and law degrees at the University of Canterbury. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. To make matters worse for the hospital, the busier it gets, the more it has to pay Octagon and demand on it has soared. It later transpired that the process of bringing in PFI had not exactly been transparent. As a subscriber, you are shown 80% less display advertising when reading our articles. 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 Providing technical leadership to grow the teams capability. contact the editor here. Revealed: How shareholders of PFI firm are making millions from cash-strapped Norfolk and Norwich University Hospital Health By Tom Bristow The N&N under construction in July 2001 (l). 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.'. Defense Agency Overview. The consortium which financed NNUH is called Octagon Healthcare. Luke is responsible for property management at PFI. But before you get angry about something youve seen on Facebook, before you share or comment, please take a moment and check it out from a verified news site. "[10], The hospital neighbours the constituency of South Norfolk MP Richard Bacon, also a member of the Public Accounts Committee. Another 7.2m, does not appear in the trust's accounts but the hospital said it is paid as an addition to the 'life cycle maintenance' of the PFI. The PFI costs take up around 10pc of its annual budget. It promotes hate, damages peoples health, and hurts democracy. PFIs are complex, financial instruments and the answers to how they might be brought to heel or cancelled need to be carefully thought out. I also wanted to know why they thought the former PM was profiting from the private finance initiative (PFI) deal which funded the NNUHs construction in 2000. A report to the N&N's board warns it may struggle to find savings. The hospital estimates the deal is costing it an extra 20m a year than a non-PFI deal. 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. The past month has seen the demise of construction giant Carillion followed by the collapse of Capitas market value: both firms having built huge empires by providing outsourced services to public authorities. [22], In December 2019 the hospital was unable to provide a safe service for patients. Director since November 2019, last re-elected June 2020. Neom is a project aiming to construct a huge new smart city on the Red Sea coast in the northwestern Saudi province of Tabuk. When hospitals are so full that there are no intensive care beds, no hospital beds at all, and essential operations are being cancelled because there's simply no one to do the surgery, then every option carries undue risk".[23]. The hospital is forecast to run a 32m deficit this year and must find savings of at least 22m by March 2017. She is also a Chartered Accountant (South Africa). Workers Revolutionary Party. I was against it in principle,' he said. As the voice of U.S. pet food makers for more than 60 years, we provide factual information about pet food and treat safety, nutrition, and health to pet . About Octagon. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. A quick search on Google will tell you who the directors and shareholders of the company, Octagon Healthcare Group, are. The combined cost of the government bailout and losses incurred since is over 100bn or close to the NHS budget for one year. The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Nicked from a FB Friend, he wrote, before sharing that same false information. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. Its restructuring entailed redundancies for hundreds of staff and down-banding of others. Genevieve (Gen) joined PFI as Office Administrator in 2022. 'This is what it was all about at the beginning,' he said. Email tom.bristow@archant.co.uk, This website and associated newspapers adhere to the Independent Press Standards Organisation's The subsequent report says the refinancing deal was 'lining investors' pockets' and putting the trust at increased financial risk. The proposed variation to the PFI contract . PFI stands for Private Finance Initiative and was heavily used by the last Labour government to build facilities for the public sector, including schools and hospitals, while keeping the cost of those projects off the government's balance sheet. The trust has announced they it may have to lose 450 jobs this year. The board currently has five directors, four of whom are independent directors and one non-executive director. The management is saying: There is only one way that this jobs massacre can be lessened. The way to do this is for all health workers to demand that their unions stop all the job and bed cuts and the ward and hospital closures with industrial action to bring down the Blair government, the sponsor and protector of the PFI and private sector bandits. We have also tried to contact Octagon's director. Director - PFI Advisory Zeemac Vehicle Acquisition & Fleet ServicesSouth East, South-East District, Botswana Apply Join or sign in to find your next job Join to apply for the Director - PFI. Do Rishi Sunaks claims about hospital discharge funding stack up? The argument went that Labour had inherited public services in such a diabolical state of neglect that there was no alternative to the private financing of whole swathes of infrastructure. The hospital trust can terminate the PFI deal with Octagon in either 2037, 2042 or 2052. Estimates as far back as 2004 predicted taxpayers, through the N&N, will pay Octagon more than 1 billion nearly five times the 229m cost of building and opening the hospital. Emma works with all parts of the company and provides support to the Head of Sustainability and Operations in a varied role dealing with risk and compliance, health, safety and wellbeing, governance support, and sustainability. Director Risk (OSHEQ) & PFI SPC Executive Mar 2000 - Dec 201515 years 10 months Home Based (Oxfordshire) & Leicester Head Office. Powerlinebd.com 01760002011 Power Line. He then practiced law in Wellington and London, before returning to Buddle Findlay in 2000 and becoming a partner of the firm in Auckland in 2002. During that time, he took Freightways through several ownership changes and by the end of his time as Managing Director, the company had achieved significant growth resulting in a market capitalisation of $1.2 billion. 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. 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'. Among the comments were links to the EDPs article about the PFI deal from 2016, which explains why it is being read again. The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Ethical Sales and Marketing 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. stories critical of the results of the PFI deal, The WHO is not working on vaccines to create permanent sterility, Kate Shemirani makes several false claims about childhood vaccines, Mouth cancer rates not increased by Covid-19 test swabs. We will endeavour to minimise these through other measures to reduce pay costs such as those set out above.. Directors should identify why the It is 'Rented' to the NHS by a private company called PFI Octagon at a cost of over 50m a year until 2037.. 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. Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. Healthcare associated infections and black alerts, Norwich Evening News, p6, 15 September 1998, Norfolk and Norwich University Hospitals NHS Foundation Trust, Association of Chartered Certified Accountants, Commission for Architecture and the Built Environment, Methicillin-resistant Staphylococcus aureus, "Norfolk and Norwich University Hospital", "Private Finance Initiative Norfolk and Norwich University Hospital", "Better Public Building Award finalists, 2002", "A&E department redesign 'cuts aggression by half', "Photo gallery: Royal visitor opens new cancer treatment centre at N&N", "David Metter: Skiing in the Alps, the King of the PFIs who owns 28 hospitals and a motorway", Superbugs MRSA and Clostridium difficile killing record numbers of patients, Hospital put on alert as ambulances stack up, Norfolk and Norwich Hospital told to improve elderly patients nutrition, "Care Quality Commission, Dignity and nutrition for older people Review of compliance", "Graphic: Praise after three Norfolk hospitals pass two years as MRSA free", "Doctors told to use 'least unsafe' option in Norwich hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Keys to new hospital handed over", "Norfolk and Norwich University Hospitals NHS Foundation Trust Prime Minister visits NNUH", "BBC NEWS - UK - England - Loyd Grossman goes on the wards", "Norfolk and Norwich University Hospitals NHS Foundation Trust Harry Potter star's hygiene message", "BBC NEWS - UK - England - Norfolk - New cancer centre opened", "BBC NEWS - UK - England - Norfolk - Queen to open new hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Royal College Praises Emergency Assessment Unit", "Norfolk and Norwich University Hospitals NHS Foundation Trust Health minister to visit NNUH", "Norfolk and Norwich University Hospitals NHS Foundation Trust Official opening of the Norwich Radiology Academy", "Norfolk and Norwich University Hospitals NHS Foundation Trust Esther Rantzen welcomes new care plan for terminally ill", "Norfolk and Norwich University Hospitals NHS Foundation Trust Hospital staff star in TV series Kingdom", "Norfolk and Norwich University Hospitals NHS Foundation Trust Bishop of Thetford to visit renal patients at NNUH", Norfolk and Norwich University Hospital NHS Foundation, Royal London Hospital for Integrated Medicine, National Hospital for Neurology and Neurosurgery, University College at Westmoreland Street, Walton Centre for Neurology & Neurosurgery, Royal National Hospital for Rheumatic Diseases, Robert Jones and Agnes Hunt Orthopaedic Hospital, School of Art History and World Art Studies, https://en.wikipedia.org/w/index.php?title=Norfolk_and_Norwich_University_Hospital&oldid=1138386975, Articles with dead external links from August 2021, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Neonatal Intensive Care, Foetal Medicine, Orthopaedics, Cancer, Plastic Surgery, Rheumatology, Ophthalmology, Paediatric Medicine and Surgery, September 1998, Secretary of State for Health, December 2002, food critic and TV presenter. 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. '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. Anthony is a professional director and consultant, consulting to both the private and public sector on a wide variety of property matters. If you have a complaint about the editorial content which relates to inaccuracy or intrusion, then please Of course, PFI was not always a toxic brand. Today's report draws on a survey of public authorities managing PFI contracts, 2 who are largely local bodies such as NHS trusts and local authorities. PFI Board of Directors Correspondence to tire PFI directors' addresses is always welcome. 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. Registered in England & Wales | 01676637 |. Photo: Parliament TV. It has investments in 57 projects, worth 17.3 billion, according to its website. Weightmans LLP > The Legal 500 Rankings Dispute resolution > Professional discipline Tier 1 Further to its June 2022 merger with RadcliffesLeBrasseur LLP, Weightmans LLP's large Whats more, PFI payments have been indexed higher with each successive year regardless of a hospitals revenue. Browse and apply for the Consulting jobs at Arcadis This reduces the scope of savings initiatives,' it said. Mr Lamb called on the government to look at buying its way out of the 'dreadful deals' made under PFIs. HP10 9TY. Start your Independent Premium subscription today. Salaries posted anonymously by Octagon employees. The finance director will support the finance department's growth and day-to-day activities by: Poonam Muttreja. The estimated additional pay is $34,101 per year. Various executives from big banks appeared on secondment. Full Fact is a registered charity (no. Collectively our team has over 120 years of property experience, andthe key individuals have extensive experience in the ownership, management and development of industrial property. [18], In March 2011 several wards in the hospital were closed as a result of an outbreak of the community infection Norovirus. Please click on the names below to learn more about the PFI team. [14] The Consortium lengthened the NHS's repayment term from 34 to 39 years, but raising their own rate of return from 16 to 60 per cent. & N 's board warns it who are the directors of pfi octagon struggle to find savings of at least 22m March! Tire PFI directors & # x27 ; s growth and day-to-day activities:! 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