Public-private partnerships (PPPs), long-term agreements between governments and private-sector institutions, have long been global taboo – thought of as shadowy, exploitative configurations.
However, the UK’s ongoing focus on its green transition, Just Transition, and flagship ‘levelling up’ project requires additional capital – which indicates that there could be a shift in tides in order to fund these changes.
With the concept first introduced in the UK in 1999, the largest single PPP hospital contract in the country – the St. Bartholomew’s and Royal London project – was signed in 2006 and completed in 2016 for £1.1 billion. The UK remains the world leader in successfully completing these arrangements.
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