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Partnerships UK.

Series: Financial Times ; 23 July 1999, 12 & 20 | Independent ; 23 July 1999, 2(4)Publication details: 1999Subject(s): Summary: The Treasury has privatised part of its private finance initiative (PFI) taskforce as Partnerships UK, a part government owned bank. This will make its money by either taking equity stakes in projects it backs or charging a fee to public bodies whose projects it takes on. Its investments will be limited to recouping costs plus margin, debarring it from competing with existing equity finance for PFI projects.

The Treasury has privatised part of its private finance initiative (PFI) taskforce as Partnerships UK, a part government owned bank. This will make its money by either taking equity stakes in projects it backs or charging a fee to public bodies whose projects it takes on. Its investments will be limited to recouping costs plus margin, debarring it from competing with existing equity finance for PFI projects.