We recently collaborated with the Institute for Government on a report about capital spending in public services. Rhiannon Williams and Wayne Butcher explain the findings.
Our report explores the current approach to capital spending in hospitals, schools and prisons, and how decisions are taken around the deployment of capital linked to the Government’s fiscal rules – building on this, the report makes a series of recommendations for how it can invest more effectively in public services.
Three key takeaways
The report was launched with a series of events to share its insights with the market and gather important feedback to help shape future direction.
This included a panel discussion, which examined the report in more detail with Wayne’s three key takeaways:
1 Innovation
Budgets need to be used more effectively to avoid underspend, fast-track quick wins, and take a more commercial approach in the assessment of opportunities to robust test costs and benefits.
2 Public sector reform
Focus on ensuring devolution works in bringing together regions to work more effectively with central government and to maximise the impact of the monies available in aggregation.
3 Public private partnerships
The 'right organisations delivering the right activities,' and a true understanding of the best party to deliver the asset; the services; and the financing.
We also hosted a formal dinner on 18 July 2024 attended by Government, investors, and contractors to discuss the key findings in more depth, and what infrastructure delivery could look like under a new administration.
Read about the dinner
PFI round table: Capital spending in the public sector
For more information about the report and the supporting events, contact Wayne Butcher or Rhiannon Williams.
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