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Partnerships UK
Partnerships UK plc (PUK) was an centralized unit responsible for furthering public-private partnerships in the United Kingdom. It was a public limited company formed in 2000, owned jointly by HM Treasury and the private sector. It ceased activity in 2011. Origins In July 1997 a Private Finance Initiative (PFI) taskforce was established within the Treasury to provide central co-ordination for the roll-out of PFI. Known as the Treasury Taskforce (TTF), its main responsibilities were to standardise the procurement process and train staff throughout government in the ways of PFI, especially in the private finance units of other government departments. The TTF initially consisted of a policy arm staffed by five civil servants, and a projects section employing eight private sector executives led by Adrian Montague, formally co-head of Global Project Finance at investment bank Dresdner Kleinwort. In 1999 the policy arm of TTF was moved to the Office of Government Commerce (OGC), b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services (fixed income instruments, currencies, and commodities) or research (macroeconomic, credit or equity research). Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutiqu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of The United Kingdom
The economic history of the United Kingdom relates the economic development in the British state from the absorption of Wales into the Kingdom of England after 1535 to the modern United Kingdom of Great Britain and Northern Ireland of the early 21st century. Scotland, England, and Wales shared a monarch from 1601 but their economies were run separately until they were unified in the 1707 Act of Union. Ireland was incorporated in the United Kingdom economy between 1800 and 1922; from 1922 the Irish Free State (the modern Republic of Ireland) became independent and set its own economic policy. Great Britain, and England in particular, became one of the most prosperous economic regions in the world between the late 1600s and early 1800s as a result of being the birthplace of the industrial revolution that began in the mid-eighteenth century. The developments brought by industrialization resulted in Britain becoming the premier European and global economic, political, and militar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partnerships For Schools
Partnerships for Schools (PfS) was established in 2004 as a Non-Departmental Public Body (NDPB), wholly owned and funded by the Department for Education (DfE), to deliver the UK's Building Schools for the Future (BSF) programme. In March 2006, PfS also took on responsibility for delivering the Academies programme, integrating delivery into BSF where possible. PfS was a partnership between the Department for Education (DfE), (formerly DCSF and previous to that DfES), Partnerships UK and private sector companies. Every state secondary school in England – around 3,500 in total – was to be rebuilt or refurbished by PfS over the duration of the programme, affecting around 3.3 million young people and thousands of teachers. As of September 2008, 22 local authorities had selected their private sector partner for BSF and in so doing signed contracts worth £2.5bn that would see nearly 150 schools rebuilt or refurbished. On 16 June 2009 the new Schools Minister, Vernon Coaker, announ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partnerships For Health
Community Health Partnerships (formerly Partnerships for Health) is a Department of Health owned company in the United Kingdom. Its role was to set up public-private partnerships to invest in new healthcare facilities in England via the NHS Local Improvement Finance Trust programme. The company was established in 2001 as Partnerships for Health, a joint venture between the Department of Health and Partnerships UK. In December 2006, the Department of Health acquired the full shareholding of the partnership and it was renamed Community Health Partnerships in November 2007. Its current portfolio is over 300 buildings which include NHS foundation trusts, general practitioners, dentists, and pharmacies. This is about 5% of the NHS’ estate in England. In most cases ownership is shared by CHP which normally holds 40% and various private companies which have 60% ownership. In 2019 it was reported that its proposals for a new form of private finance initiative were being considered by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Government Association
The Local Government Association (LGA) is the national membership body for local authorities. Its core membership is made up of 339 English councils and the 22 Welsh councils through the Welsh Local Government Association. The LGA is politically-led and cross-party. As the national voice of local government, it works on behalf of councils to give local government a strong, credible voice with national government, to promote the positive reputation of the sector and to secure funding and powers on behalf of councils and the communities they serve. Through itprogramme of practicalpeer-based support it helps councils continuously to improve and innovate and it co-ordinates collective legal actions on behalf of the sector. The LGA also provides membership services to other organisations through an associate scheme, including fire and rescue authorities, national parks authorities, town councils, police & crime commissioners and elected mayors of combi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Partnerships
Local Partnerships LLP is joint venture owned by HM Treasury, the Local Government Association and Welsh Government established 2009. It serves as a Public-private partnership unit in England and Wales. It is funded by fee income from chargeable services and money 'top-sliced' from local authorities' Revenue Support Grant (RSG) payments from the UK government, grant funding from UK government departments such as Defra and MHCLG. Local Partnerships and the Greater London Authority The Greater London Authority (GLA), colloquially known by the metonym "City Hall", is the devolved regional governance body of Greater London. It consists of two political branches: the executive Mayoralty (currently led by Sadiq Khan) and th ... are responsible for the operation of the Re:fit 4 programme which is a procurement initiative for public bodies wishing to implement energy efficiency measures and local energy generation projects on their assets. The Re:Fit framework will be operational ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Infrastructure UK
Infrastructure UK (IUK) was a division of HM Treasury within the Treasury's Public Services and Growth Directorate, which advised the UK government on the long-term infrastructure needs of the UK and provided commercial expertise to support major projects and programmes UK GovernmentInfrastructure UK accessed 28 November 2022 between 2010 and 2016. On 1 January 2016, it was merged with Major Projects Authority to form the Infrastructure and Projects Authority, which reports both to HM Treasury and the Cabinet Office. Its Chief Executive was Geoffrey Spence. Infrastructure costs The June 2010 Budget announced that Infrastructure UK was to carry out an investigation into the potential for cost reduction in relation to the delivery of civil engineering works for major infrastructure projects, with a mandate to report by the end of 2010. The investigation undertaken between August and December 2010 was led by Infrastructure UK in collaboration with wider government, the Institution ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public–private Partnership
A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Review, Public Administration Review, 2007, Vol. 67(3), pp. 545–558 Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users over the course of the PPP contract. Public–private partnerships have been implemented in multiple countries and are primarily used for infrastructure projects. They have been employed for building, equipping, operating and maintaining schools, hospitals, transport systems, and water and sewerage systems. Cooperation between private actors, corporations and governments has existed since the inception of sovereign states, notably for the purpose of tax collection and colonization. However, contemporary "public-private partnerships" came into be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholder Executive
The Shareholder Executive (ShEx) was a body within the UK Government responsible for managing the government's financial interest in a range of state-owned businesses for commercial rather than political interests. It was part of the Department for Business, Innovation and Skills and staffed by civil servants, many of whom were corporate finance professionals with private sector experience. It was led by Mark Russell as Chief Executive at the time of its closure. Role The Shareholder Executive managed a portfolio of businesses with a combined turnover of around £12 billion. The businesses varied and could be in the form of a limited company, public limited company, limited liability partnership, statutory corporation, trading fund, executive agency, non-departmental public body or non-ministerial government department. It advised the government on drafting parts of the Postal Services Act 2011 and worked on the privatisation of Royal Mail and the possible mutualisati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Share
In business and finance, a golden share is a nominal share which is able to outvote all other shares in certain specified circumstances, often held by a government organization, in a government company undergoing the process of privatization and transformation into a stock-company. Purpose This share gives the government organization, or other shareholder, the right of decisive vote, thus to vote all other shares, in a shareholder meeting. Usually this will be implemented through clauses in a company's articles of association, and will be designed to prevent stakebuilding above a certain percentage ownership level, or to give a government, or other shareholder, veto powers over any major corporate action, such as the sale of a major asset or subsidiary or of the company as a whole. In the context of government-owned golden shares, this share is often retained only for some defined period of time to allow a newly privatised company to become accustomed to operating in a public env ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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