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Private Finance Initiative

  • Living reference work entry
  • First Online:
Encyclopedia of Sustainable Management

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Synonyms

PFI

Definition

Public-Private Partnerships (PPPs) are an alternative way of traditional public sector supplying that constitutes and make new assets. PPPs’ most widely used type is the Private Finance Initiative (PFI), which can be defined as financing public projects through private sector investment (Starodubtseva 2015). PFI is used as a financial instrument to finance off-balance-sheet public projects for notifying public debt and includes projects/services, such as schools, hospitals, road construction, prisons, highways, leisure centers, bridges, tunnels, sports facilities, infrastructure. The purpose of PFI was to increase collaboration between the private and the public sectors (Allen 2001; Eaton and Akbiyikli 2005; The House of Commons Committee of Public Accounts 2018; HM Treasury 2019). PFIs were officially used in the UK and spread fastly from there and copied to other countries (Hodge et al. 2017). The use of PFIs increased after 1997 and PFI and its variants are...

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References

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Author information

Authors and Affiliations

  1. Yasar University, Faculty of Business Administration, Department of International Trade and Finance, Izmir, Turkey

    Melis Gültekin

Authors
  1. Melis Gültekin
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Correspondence to Melis Gültekin .

Editor information

Editors and Affiliations

  1. London Metropolitan University, Guildhall Faculty of Business and Law London Metropolitan University, London, UK

    Samuel Idowu

  2. Cologne Business School, Ingolstadt, Germany

    René Schmidpeter

  3. College of Business, Loyola University New Orleans, New Orleans, LA, USA

    Nicholas Capaldi

  4. International Training Centre of the IL, International Labor Organization, Turin, Italy

    Liangrong Zu

  5. Department of Economics, Society and Politics, University of Urbino Carlo Bo, Urbino, Italy

    Mara Del Baldo

  6. Instituto Politécnico da Guarda, Guarda, Portugal

    Rute Abreu

Section Editor information

  1. Leeeds Business School, Leeds Beckett University, Leeds, United Kingdom

    Brian T. Jones

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Gültekin, M. (2023). Private Finance Initiative. In: Idowu, S., Schmidpeter, R., Capaldi, N., Zu, L., Del Baldo, M., Abreu, R. (eds) Encyclopedia of Sustainable Management. Springer, Cham. https://doi.org/10.1007/978-3-030-02006-4_988-1

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  • DOI: https://doi.org/10.1007/978-3-030-02006-4_988-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-02006-4

  • Online ISBN: 978-3-030-02006-4

  • eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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