Magazine article Public Finance

PPP Expert to Head Scots Futures Trust

Magazine article Public Finance

PPP Expert to Head Scots Futures Trust

Article excerpt

An expert on public-private partnership schemes is to head the Scottish Futures Trust, the body set up to replace the Private Finance Initiative for the financing of projects such as schools and hospitals.

The Scottish Government announced the appointment of Barry White as chief executive of the SFT on April 8 on a salary of £180,000. He is currently head of BAM PPP, a company that manages partnership projects.

Labour and the Liberal Democrats immediately pointed to the 'irony' of the Scottish National Party administration appointing a private sector advocate of schemes that the party had condemned as 'wasteful and costly' during the 2007 Scottish election campaign.

Since the election, the government has been forced to amend its plans to ditch PFI/PPP.

Instead it intends using a not-for-profit mechanism that limits the profit companies can make on contracts for public sector construction projects.

Labour finance spokesman Andy Kerr claimed the SNP had 'finally come to terms with the fact that their Futures Trust is nothing more than PPP by any other name'. …

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