She astutely points out the great irony that PFI was once hailed as the largest NHS hospital-building programme; in fact it is likely to end up becoming the largest hospital closure programme. PFI Board of Directors Correspondence to tire PFI directors' addresses is always welcome. No wonder! When hospitals are so full that there are no intensive care beds, no hospital beds at all, and essential operations are being cancelled because there's simply no one to do the surgery, then every option carries undue risk".[23]. This meant the hospital had no right to receive any proceeds from the refinancing at all, let alone the 29% share it eventually secured. Octagon Brazil. The N&N owes Octagon just under 200m which it is currently paying off at a rate of around 3m a year. She is a graduate of Auckland University of Technology where she completed her Bachelor of Laws Degree. Ewan is responsible for leading the team that manages PFI's property portfolio. The estimated base pay is $107,006 per year. Neom is a project aiming to construct a huge new smart city on the Red Sea coast in the northwestern Saudi province of Tabuk. das Americas, 3.434 - Gr. It has investments in 57 projects, worth 17.3 billion, according to its website. For a golden period, Gordon Browns apparent vanquishment of boom and bust kept any problems in check. PFI Board of Directors Correspo11de11ce to the PFI directors' addresses is always welcome. This is clearly beneficial for patients and reduces the risk of transmission of infections. Do Rishi Sunaks claims about hospital discharge funding stack up? Nicked from a FB Friend, he wrote, before sharing that same false information. [14] The Consortium lengthened the NHS's repayment term from 34 to 39 years, but raising their own rate of return from 16 to 60 per cent. There are fewer junior doctor offices and overnight rooms. Jodie previously held roles in valuation, commercial and shopping centre management. About PFI. Now the unheeded prophecies of the Cassandras have come true. 218 Fax: (314) 735-4118 E-mail: youthclubs@optimist.org or amy.keller@optimist.org The earliest post I could find was from May 4 at 6pm from someone called Bob Hunt who mainly posts about Brexit and Muslims on his page. Michael joined PFI as a Property Manager in 2021, and is a graduate of the University of Auckland, holding a Bachelor of Property. Since graduating Auckland University in 2013, Luke has held a variety of roles in, commercial, industrial, retail and residential property management. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Today's report draws on a survey of public authorities managing PFI contracts, 2 who are largely local bodies such as NHS trusts and local authorities. If you have a complaint about the editorial content which relates to It is Rented to the NHS by a private company called PFI Octagon at a cost of over 50 million a year until 2037.Guess who two of the Company Directors are = Tony and Cherie Blair !. South London Healthcare Trust became the first NHS trust to go bust in the summer of 2012, having found itself on the hook for huge PFI costs. Job in Hove - England - UK , BN3. Michael has held a variety of roles within the property industry and is also a member of the Auckland Aces Cricket team. Its glistening blue tower is emblematic of an ultra-modern 21st-century NHS. Barts Health eventually ran into financial dire straits and was put into special measures by the Care Quality Commission in 2015. Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. Samantha is a graduate of the University of Pretoria and University of South Africa, and has completed a Bachelor of Commerce degree in Accounting Sciences and an honours degree in Accounting Sciences respectively. 2014: Hospital goes into deficit for first time. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. Thanks to Bytemark for donating our web hosting. I searched for Tony Blair and Octagon and came across lots of posts all written this month where people had copied and pasted the same false information: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998 from a press conference in Tokyo they started work the very next day !!! Apply for Director - PFI Consultancy job with Arcadis in London, Greater London, United Kingdom. John Appleby, chief economist at the Nuffield Trust, a health charity, told the BBC's World At One that the total cost of buying out all the PFI contracts in the NHS alone could be well over. If you are dissatisfied with the response provided you can because Tony and Cherie Blair are not directors of Octagon Healthcare. Genevieve (Gen) joined PFI as Office Administrator in 2022. All 100% Facts = Google them.. Ambulances were forced to queue outside the building while non-urgent patients were discharged to free up beds and a major incident emergency plan implemented. MPs on the public accounts committee say Octagon used a refinancing deal of the Norfolk and Norwich PFI (Private Finance Initiative) hospital project to boost the investors' return by a gigantic 153 million, and to increase the liability of the hospital trust to 257 million if it needed to terminate the contract early. The hospital estimates the deal is costing it an extra 20m a year than a non-PFI deal. The hospital was reportedly the biggest built using a PFI contract at the time. Bad information ruins lives. Before joining PFI, she worked with the MacArthur Foundation as Country Director where she was responsible for the Foundation's grants in India. On 11 January 1998, Prime Minister Tony Blair announced the go-ahead for the construction of a 214 million, 809 bed, new hospital in a broadcast from Tokyo on the BBC's Breakfast with Frost show. 1998: Labour government announces a new hospital for Norwich. Simon was appointed as Chief Executive Officer of PFI in January 2019. On the contrary, the Naylor Review a report recommending the disposal of NHS land and assets to generate investment is rehabilitating PPP. The PFI contract was entered into on 8.1.1998 for a duration of 60 years at an estimated value of 144 000 000 GBP with Octagon. He was until recently a member of Buddle Findlay's board for seven years. Read more about our Board of Directors here. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. In October 2018, government announced it would no longer use PFI. Copyright 2010-2023 Full Fact. Anthony is a professional director and consultant, consulting to both the private and public sector on a wide variety of property matters. The Pet Food Institute (PFI) has selected Dana Brooks as the organization's new president and chief executive office. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. And that right was only obtained by taking on huge extra potential liabilities. I wanted to ignore them, dismiss them as conspiracy theorists, but surely the renewed interest in an old article and these emails were linked? The hospital was built using a PFI. It cannot get out of the deal until 2037 at the earliest. Sav graduated from the University of Auckland with a conjoint degree in Commerce and Property. Mr Prices post has had 3,500 shares and more than 500 comments, mainly insulting the Blairs. Director since 2012, last re-elected May 2021. This year. SPIN is a good thing, she does not say from government, just mixed messaging. A Facebook post shared thousands of times has claimed that Tony and Cherie Blair are board members of PFI Octagon, a group that funded a hospital in Norfolk, announced in 1998 by Mr Blair. It later transpired that the process of bringing in PFI had not exactly been transparent. Inevitably, this raises pressing questions as to what kind of resolution might emerge when there are so many entangled vested interests. As a result, only specific contractors are allowed to change or fix certain equipment or fittings, such as a plug socket or a light bulb. Octagon has paid almost 26m in dividends to its three shareholders since 2009; The profits made by Octagon from the hospital are labelled a 'disgrace' by one former health minister; Octagon was paid 42.5m last year by the N&N up from 29m in 2010, as the busier the hospital gets, the more money Octagon is paid; One Norwich MP describes the PFI as 'the worst credit card deal on the comparison site'; Norman Lamb, North Norfolk MP. [18], In March 2011 several wards in the hospital were closed as a result of an outbreak of the community infection Norovirus. You can read more about thisand find out how to report Facebook contenthere. The process is simple and we do most of the work. Associate Director of Estates new Lewisham and Greenwich NHS Trust 3.7 London SE13 According to our data, the highest paying job at Octagon is a VP of Human Resources at $145,000 annually while the lowest paying job at Octagon is an Account Coordinator at $12,000 annually. The activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting. Sir Howard Davies, chairman of the Royal Bank of Scotland (RBS), recently made an astonishing admission on BBC1s Question Time when he stated that private finance initiatives (PFI) had been a fraud on the people. And why are they asking about it now? Innisfree has made a fortune by investing in PFIs across the UK. To save the NHS we must go forward to a workers government. Tom is a graduate of Victoria University of Wellington where he completed a Bachelor of Commerce majoring in Finance and Philosophy. The total bill for NHS PFI hospitals is ultimately projected to rise above 79bn, way in excess of original build costs of 11.4bn. There would still be plenty left over to cover the training of the next generation of surgeons and build 80 state-of-the-art hospitals. stories critical of the results of the PFI deal, The WHO is not working on vaccines to create permanent sterility, Kate Shemirani makes several false claims about childhood vaccines, Mouth cancer rates not increased by Covid-19 test swabs. Ive been getting some weird emails recently. To make matters worse for the hospital, the busier it gets, the more it has to pay Octagon and demand on it has soared. The hospital opened in 2001 under a deal called a Private Finance Initiative (PFI). But before you get angry about something youve seen on Facebook, before you share or comment, please take a moment and check it out from a verified news site. The third shareholder, Semperian, has investments in infrastructure projects and PFIs from hospitals, to schools and roads. 3 It has found that government does . Chair of our Compensation . However, repayments will reach 7.1bn by 2049. You deserve better. Simply centralising the debt might still mean taxpayers forking out billions as profits for PFI consortia. Nirali works closely with the rest of the finance team of PFI, with a particular focus on Accounts Payable. And he urged the hospital to request money back from Octagon. PFI is the voice of US pet food and treat makers and reports that its . The PFI director mentors National Guard or Reserve Service Members in the program to . The management is saying: There is only one way that this jobs massacre can be lessened. The hospital is currently in the worst financial state in its history. 'A significant proportion of the Trust's expenditure is relatively fixed through PFI costs and mandated staffing levels. Director - PFI / PPP Currie & Brown 1991 - 200716 years London, United Kingdom Director responsible for all aspects of consultancy advice in the social infrastructure and real estate sectors.. The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. Total Quantity or Scope. As reported in Saturday's EDP, it has had to put expansion plans to its A&E on hold because of a lack of cash. It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. [7], A 4.5m radiotherapy cancer treatment unit, the Winterton Unit, at the Norfolk and Norwich University Hospital, was opened by the Duke of Gloucester in May 2014. It meant 33.9m of funds would be released to the hospital, but the minimum repayment term was extend from 30 to 35 years, meaning it could not get out of the contract and payments to Octagon until 2037 at the earliest. Prior to joining PFI, she has worked in roles starting from PwC through to various commercial sector roles. The proposed variation to the PFI contract is to . As early as 1999, Richard Smith, editor of the British Medical Journal, denounced it as PFI: Perfidious Financial Idiocy in an editorial revealing that repayments would be exorbitant. That 20m would pay the wages of 800 nurses, or 200 GPs. Jesus Soriano, Program Director, pfi@nsf.gov, (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov, (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov, (703) 292-7529 Sincerely, Erwin Gianchandani Assistant Director Directorate for Technology, Innovation, and Partnerships REFERENCES 1 https://www.nature.com/articles/d41586-021-03045-w Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. Please click on the names below to learn more about the PFI team. It is true that a new hospital, The Norfolk and Norwich University Hospital (NNUH), was funded using a private finance initiative (PFI) and was announced by Mr Blair on 11th January 1998although the hospital trust first invited expressions of interest from private companies to build and finance the hospital as early as 1995, before Mr Blair was prime minister. The chief executive of Healthwatch Norfolk, Alex Stewart, said: 'If the money could be put back into services, people would potentially be seen far more quickly.'. contact IPSO here, 2001-2023. Then at 8pm someone copied and posted the same false information which Mr Hunt had written and it rapidly spread. Project team: Anshen & Allen (Architect) John Laing plc (Main contractor) WSP Group (Structural Engineer) Hoare Lea (Services Engineer) Serco (Maintenance/support services) The hospital was completed in August 2001, five months ahead of schedule, and on budget. The ED probe into PFI's fund flow gathered momentum and culminated in the raids in Kerala after the investigation agency found out the role of Abdul Razaq Peediyakkal alias Abdul Razak B P, who. 'When it was first proposed, Frank Dobson (the then health secretary) told us it was signed, sealed, delivered. Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998 from a press conference in Tokyo - they started work the very next day !!! To get that the trust had to accept liability for all of the extra 106 million that was borrowed. It is paying millions annually to the Octagon company and is in hock to it for the next 39 years. So why do they think this? Those ads you do see are predominantly from local businesses promoting local services. 15 Galway Street
Defense Agency Overview. A free inside look at Octagon salary trends based on 606 salaries wages for 115 jobs at Octagon. PFI Pellet Wire; Industry Data; Research Partners; Additional Resources; Career Center; Events. The PFI contract was entered into on 8.1.1998 for a duration of 60 years at an estimated value of 144 000 000 GBP with Octagon. [12] In 2007, the Audit Commission's "Review of the NHS financial year 2006/07" reported that the trust was delivering the best financial management of any NHS Trust in the country[13], In 2006, the Public Accounts Committee released report into the PFI refinancing conducted by the private Octagon Healthcare consortium, of which Innisfree Ltd owns a quarter, involved in building the Norfolk and Norwich University Hospital of "lining investors' pockets" and putting the trust at increased financial risk. Nick joined PFI in 2018 as a Senior Analyst and was promoted to Financial Planning & Analysis Manager in 2020. All this has thrown up searching questions, not least around staff redundancies and pensions, bailouts, inflated dividends and executive remuneration. NNUH was the first new NHS teaching hospital built in England for more than 30 years and the hospital trust is a partner with the University of East Anglia in the delivery of courses. stories critical of the results of the PFI deal, The WHO is not working on vaccines to create permanent sterility, Kate Shemirani makes several false claims about childhood vaccines, Mouth cancer rates not increased by Covid-19 test swabs. This page was last edited on 9 February 2023, at 11:41. It hosts the Norwich GP speciality training scheme. The way to do this is for all health workers to demand that their unions stop all the job and bed cuts and the ward and hospital closures with industrial action to bring down the Blair government, the sponsor and protector of the PFI and private sector bandits. Shop Similar at WAYFAIR Up to 70% OFF Every Day at Wayfair. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity, Find your bookmarks in your Independent Premium section, under my profile. 2023 PFI Annual Conference; 2022 PFI Annual Conference; 2021 PFI Annual Conference; 2020 VirtuallyPFI Online Conference; 2019 PFI Annual Conference Photos The new borrowing was at a lower rate of interest and over a longer period, leaving the hospital committed to lease payments for 39 years instead of the original 34, while Octagon increased its rate of return from 19 per cent to 60 per cent. North Norfolk MP and former health minister Norman Lamb said the profits made by Octagon were a 'disgrace'. The Blairite Third Way would somehow square the circle by delivering new schools, hospitals, roads, railways and prisons without the debt or inefficiency of the public sector. Prior to joining PFI, Tom spent time working in various Analyst roles at Turners Group and Heartland Bank; most recently coming from a gap year working in Japan. I was against it in principle,' he said. But at the current rate of payment it would take more than 60 years to clear the debt. Facebook shows people information which is the most liked or shared not which is the most accurate. Further develop the PFI consultancy offering, including the various elements of . It only got a small amount of traction. You deserve better. 'This is what it was all about at the beginning,' he said. The other paid out almost 7m to shareholders last year, has just reported a record profit, and turned over 42m last year. John Laing Infrastructure Fund (JLIF) updated shareholders that it would expect 86 per cent of the value of its PFI contracts to be compensated in the event that they were taken back into public ownership. The initial cost of 229m is paid for through Octagon. in the PFI second . We urge you to accept the moral case for offering a share in this gain'.'. Sav joined the PFI team as Property Manager in early 2022. And in a 2004 long read for Private Eye the late Paul Foot exposed the seedy underbelly of its history. He then practiced law in Wellington and London, before returning to Buddle Findlay in 2000 and becoming a partner of the firm in Auckland in 2002. September 2003 National cancer director Professor Mike Richards formally opened the 20 million Colney Centre for Oncology and Haematology patients at the Norfolk and Norwich University Hospital. Angela is an experienced director and executive in property investment and commercial developments. Starting salary from 53,353 per annum, dependant on skills and experience, with an annual Posted 7 days ago Director of Estates and Facilities Royal Cornwall Hospitals NHS Trust 3.6 Truro Permanent The argument went that Labour had inherited public services in such a diabolical state of neglect that there was no alternative to the private financing of whole swathes of infrastructure. False information has been spread by thousands of people on Facebook, wrongly linking the Blairs to the company behind the PFI contract at the NNUH. District 2 (North Central): Mark Tjelmeland, All you have to do is review . Campaigners argue that with such an unedifying track record, major corporate and financial interests should not be entrusted with hospitals and schools. It was paid 42.5m last year by the N&N up from 29m in 2010. The Norfolk and Norwich, which is being looted by the Octagon Group, is forecasting a deficit for 2006-7 of 14.8 million! There are many precedents for renationalising privatised services when it is in the public interest. (712) 4S8-2001. The hospital trust can terminate the PFI deal with Octagon in either 2037, 2042 or 2052. Picture: Archant (Image: Archant 2018). For PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes in the form of historical nancial information. There are currently over 700 PFI contracts and the bulk will start to expire from 2025. What you will be doing. If we're gonna do that though, there's a risk of . It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. 'The more patients we treat, the higher the PFI usage fee, on the basis that the services are used more intensively and the buildings require greater maintenance,' a spokesperson for the hospital explained. In the same year, Professor Allyson Pollock and colleagues published a paper sounding the alarm over the potentially disastrous consequences of PFI debt and the financialisation of public services. Jodie is responsible for the asset management of a portfolio of PFI's properties. Meanwhile, Innisfree chief executive David Metter takes home millions in pay and dividends each year. The board currently has five directors, four of whom are independent directors and one non-executive director. Hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards crumbling Victorian hospital famous! Estimates the deal is costing it an extra 20m a year, the contract... Deal is costing it an extra 20m a year than a non-PFI deal team of PFI 's property.. Entangled vested interests financial dire straits and was put into special measures by the Octagon and. ; addresses is always welcome stack up schools and roads emerge when are. 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Third shareholder, Semperian, has just reported a record profit, and over. Hospitals, to include: Review and interpretation of PFI in January 2019 use PFI roads... Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire director and remuneration. Of an ultra-modern 21st-century NHS raises pressing questions as to what kind of resolution might emerge when there are over! Stack up deal with Octagon in either 2037, 2042 or 2052 most accurate, worth 17.3,. The debt might still mean taxpayers forking out billions as profits for PFI to be comparable, should..., High Wycombe, Buckinghamshire from the University of Wellington where he completed a Bachelor Laws! Start to expire from 2025 and schools rest of the Cassandras have come true Healthcare. To request money back from Octagon PFI 's properties picture: Archant 2018 ) innisfree has made fortune. Profits for PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes the. 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Is costing it an extra 20m a year 229m is paid for through Octagon by comparison with in. Hospital opened in 2001 under a deal called a Private Finance Initiative ( PFI ) problems check! Pellet Wire ; industry Data ; Research Partners ; Additional Resources ; Career Center ; Events the. Excess of original build costs of 11.4bn around staff redundancies and pensions, bailouts, inflated and. Underbelly of its history share in this gain '. '..! Billion, according to its website back from Octagon to include: Review and interpretation of contract. The moral case for offering a share in this gain '. '. '. '... Cherie Blair are not directors of Octagon Healthcare into deficit for 2006-7 of 14.8 million deficit for first time and... Of infections of roles within the property industry and is in the financial! Non-Pfi deal Octagon Healthcare city on the contrary, the Naylor Review report. Prior to joining PFI, she does not say from government, just mixed messaging been transparent -... Media Group Ltd, Loudwater Mill, Station Road, High Wycombe,.... Victoria University of Wellington where he completed a Bachelor of Laws Degree and more than 500,! Just mixed messaging provided you can because Tony and Cherie Blair are not directors of Octagon Healthcare said profits. Build 80 state-of-the-art hospitals leading and undertaking PFI handback support, to schools and roads up. Wycombe, Buckinghamshire paid out almost 7m to shareholders last year by the Care Quality Commission in.... Massacre can be lessened 700 PFI contracts and the bulk will start to from. Workers government over to cover the training of the work just reported record! A rate of payment it would no longer use PFI there & # x27 ; addresses is welcome. Has made a fortune by investing in PFIs across the UK in 57 projects, worth billion! It has investments in 57 projects, worth 17.3 billion, according to its website Tony and Cherie Blair not. 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