Last Updated:
28 Oct 2021

The U.K. Treasury Infrastructure Finance Unit: Supporting PPP Financing During the Global Liquidity Crisis

Author: Edward Farquharson and Javier Encinas

2008 and 2009 were challenging years to raise finance for Public-Private Partnerships (PPP) and Private Finance Initiative (PFI) schemes in the UK. The number of active lenders in the market was significantly reduced, and those that remained toughened their positions. A number of projects found it more difficult to reach financial close, and those that did close found that previously offered terms were no longer available.