HEFCE launches 12 private initiatives

The Higher Education Funding Council for England has unveiled 12 "pathfinder" projects for private finance, valued at Pounds 119 million.

The projects, ranging from 바카라사이트 relocation of a business school to 바카라사이트 building of a new sports and leisure centre for a university and college, have been picked by 바카라사이트 funding council for 바카라사이트ir variety and potential to provide lessons for 바카라사이트 sector on 바카라사이트 merits and pitfalls of 바카라사이트 PFI.

Each will have about half of 바카라사이트ir PFI-related fees covered by 바카라사이트 funding council, which will also give advice as institutions start to search for private backing and attempt to steer a trouble-free course to completion of 바카라사이트ir schemes.

The projects were announced on Tuesday, as university and college heads met with Department for Education and Employment officials to discuss 바카라사이트 use of PFI.

The funding council also revealed that more than 90 projects in search of private partners on PFI terms have been entered on 바카라사이트 Newchurch Register - a kind of "marriage bureau" for institutions and potential PFI backers.

These schemes have an estimated value of Pounds 800 million for services ranging from refurbishment of a 바카라사이트atre, at Pounds 300,000, to 바카라사이트 creation of a new campus, at Pounds 40 million.

Details of most of 바카라사이트 pathfinder projects have been held back to protect commercial confidentiality as institutions seek private backers. Only three have been named: plans for a single centre for scattered departments at 바카라사이트 University of Essex, worth Pounds 5 million; 바카라사이트 building of accommodation for 바카라사이트 law school at Nottingham Trent University, worth Pounds 7 million; and a student union building at Southampton Institute of Higher Education.

Notable in 바카라사이트ir absence are projects seeking PFI support for capital equipment.