Indeed, the National Audit Office has recommended that the Government should have the power to cancel contracts which are not providing value for money. Whether it's Blair . The project was the first large PFI hospital scheme in the NHS. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. The Octagon was a suitable home for a president. 508/Bl. "[11], In 2006/07, the trust projected a savings target of 14.8 million but recorded a surplus of 867,000 by the end of the same financial year. 'The refinancing will release significant resources for the NHS in central Norfolk,' said a press release from the N&N at the time. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. Same goals than PFI-TT. contact IPSO here, 2001-2023. She previously served as a director of Providence Health from 2019-2021, Noora Health from 2018-2021, YWCA of Nashville and Middle Tennessee from 2016-2022, and CARE from 2001-2013. . 06975984) limited by guarantee and registered in England and Wales. Event Calendar; PFI Annual Conference. Picture: Archant, about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it. Chairman of Imperial College Healthcare Sir Richard Sykes has previously pointed out that Barts Health is paying over 100m in interest a year before they see a single patient. Gen is a graduate of the University of Auckland, where she completed a Bachelor of Arts in Ancient History and Anthropology. 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.'. The Norfolk and Norwich was one of the first hospitals to sign PFI contracts, only to see Octagon refinance the project, increasing its borrowing from 200 million to 306 million. One of Innisfrees flagship projects is the largest PFI hospital scheme located at Barts Health NHS Trust in East London. Amy Keller, Director of JOOI 4494 Lindell Blvd. The London Underground public-private partnership saw the bankruptcy of private company Metronet, with the Government forced to step in and bring the upgrade back into public hands. In addition to his Managing Director role, Dean was also a director of the public policy think tank The New Zealand Initiative and its predecessor the New Zealand Business Roundtable from 2011 to 2015. What you will be doing. 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. The News Line is our daily paper. Registered in England & Wales | 01676637 |. As Alan Milburn the former Labour Health Secretary described by Private Eye as an almost maniacal convert to PFI put it: Its PFI or bust.. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. Apr 23, 2020 Happy St George's Day to Palestinians, English, Georgians, Serbs, Portuguese, Maltese and Lithuanians everywhere who share his named day! 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. As the voice of U.S. pet food makers for more than 60 years, we provide factual information about pet food and treat safety, nutrition, and health to pet . She previously held a variety of roles across property finance, risk, compliance and governance in the banking sector. The proposed variation to the PFI contract is to . She is currently the Chair of Halberg Foundation and a director of WEL Networks, Green Cross Health, and Vulcan Steel, and she is also an investment committee member at Oriens Capital. But why does it then wrongly name the Blairs as company directors? Other regulatory action awaits, with ongoing. Photo: Parliament TV. Join to apply for the Director - PFI Advisory role at Aldwych Consulting Ltd You may also apply directly on company website . You can read more about thisand find out how to report Facebook contenthere. Mr Lamb called on the government to look at buying its way out of the 'dreadful deals' made under PFIs. Beyond seemingly populist rhetoric, the real story of PFI reveals that RBS alongside other global banks, notably HSBC, were instrumental in what Sir Howard has effectively labelled a great heist. Member of the Board of Trustees of the Brookings Institution. A Gannett Company. The N&N is about 3pc of its portfolio. Then at 8pm someone copied and posted the same false information which Mr Hunt had written and it rapidly spread. You deserve better. 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. You deserve better. Do you have a story for the investigation unit? Director of Thomson Reuters from 2012 until 2020. Board of Directors Pfizer's Board of Directors is responsible for the oversight of management, including the overall strategic direction of the company, and for the company's policies on governance, executive compensation and compliance. Kam is a graduate of the University of the South Pacific and completed a Bachelor of Arts majoring in Accounting and Financial Management, Management and Public Administration and is an Associate Chartered Accountant. In January 2019, Craig was appointed asChief Finance and Operating Officer. The way to deal with their claims for financial liability is to nationalise them under workers control without compensation. Furthermore, the Government is pushing through Accountable Care Organisations (ACO), a form of PPP based on an American model of healthcare. [4], The hospital was completed in August 2001, five months ahead of schedule, and on budget. Innisfree paid 5.8m to its eight directors in 2015, including 3.2m to one unnamed director, according to its financial report. Tom is a graduate of Victoria University of Wellington where he completed a Bachelor of Commerce majoring in Finance and Philosophy. 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 Professor Pollock tells me that contracts have to be made transparent in order to be scrutinised. Director - PFI Advisory Zeemac Vehicle Acquisition & Fleet ServicesSouth East, South-East District, Botswana Apply Join or sign in to find your next job Join to apply for the Director - PFI. Sarah works with all parts of the company on a variety of matters including sustainability, risk management, compliance, and company secretarial. We believe that if we took no other action to reduce pay and other costs we would need to lose approximately 450 posts during this year. Luke is responsible for property management at PFI. How to Dismantle the NHS in 10 Easy Steps by Youssef El-Gingihy is published by Zero Books, Join thought-provoking conversations, follow other Independent readers and see their replies. PFI is the voice of US pet food and treat makers and reports that its . This provided an extra 95 million for the five companies that make up the Octagon consortium, tripling the rate of return to investors, with 34 million going to the NHS trust. The policy was first implemented under John Majors government and continued by Tony Blairs government. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. Job in Hove - England - UK , BN3. Director - PFI Consultancy. It means a private sector consortium, Octagon, builds and maintains the hospital and then leases it back to the NHS at the cost of tens of millions of pounds a year to the taxpayer. Prior to joining PFI, she has worked in roles starting from PwC through to various commercial sector roles. Our multi-disciplinary team comes from a variety of backgrounds and has expertise that stretch across many sectors, enabling us to provide intelligent, joined-up thinking. Poonam Muttreja. Healthcare associated infections and black alerts, Norwich Evening News, p6, 15 September 1998, Norfolk and Norwich University Hospitals NHS Foundation Trust, Association of Chartered Certified Accountants, Commission for Architecture and the Built Environment, Methicillin-resistant Staphylococcus aureus, "Norfolk and Norwich University Hospital", "Private Finance Initiative Norfolk and Norwich University Hospital", "Better Public Building Award finalists, 2002", "A&E department redesign 'cuts aggression by half', "Photo gallery: Royal visitor opens new cancer treatment centre at N&N", "David Metter: Skiing in the Alps, the King of the PFIs who owns 28 hospitals and a motorway", Superbugs MRSA and Clostridium difficile killing record numbers of patients, Hospital put on alert as ambulances stack up, Norfolk and Norwich Hospital told to improve elderly patients nutrition, "Care Quality Commission, Dignity and nutrition for older people Review of compliance", "Graphic: Praise after three Norfolk hospitals pass two years as MRSA free", "Doctors told to use 'least unsafe' option in Norwich hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Keys to new hospital handed over", "Norfolk and Norwich University Hospitals NHS Foundation Trust Prime Minister visits NNUH", "BBC NEWS - UK - England - Loyd Grossman goes on the wards", "Norfolk and Norwich University Hospitals NHS Foundation Trust Harry Potter star's hygiene message", "BBC NEWS - UK - England - Norfolk - New cancer centre opened", "BBC NEWS - UK - England - Norfolk - Queen to open new hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Royal College Praises Emergency Assessment Unit", "Norfolk and Norwich University Hospitals NHS Foundation Trust Health minister to visit NNUH", "Norfolk and Norwich University Hospitals NHS Foundation Trust Official opening of the Norwich Radiology Academy", "Norfolk and Norwich University Hospitals NHS Foundation Trust Esther Rantzen welcomes new care plan for terminally ill", "Norfolk and Norwich University Hospitals NHS Foundation Trust Hospital staff star in TV series Kingdom", "Norfolk and Norwich University Hospitals NHS Foundation Trust Bishop of Thetford to visit renal patients at NNUH", Norfolk and Norwich University Hospital NHS Foundation, Royal London Hospital for Integrated Medicine, National Hospital for Neurology and Neurosurgery, University College at Westmoreland Street, Walton Centre for Neurology & Neurosurgery, Royal National Hospital for Rheumatic Diseases, Robert Jones and Agnes Hunt Orthopaedic Hospital, School of Art History and World Art Studies, https://en.wikipedia.org/w/index.php?title=Norfolk_and_Norwich_University_Hospital&oldid=1138386975, Articles with dead external links from August 2021, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Neonatal Intensive Care, Foetal Medicine, Orthopaedics, Cancer, Plastic Surgery, Rheumatology, Ophthalmology, Paediatric Medicine and Surgery, September 1998, Secretary of State for Health, December 2002, food critic and TV presenter. Press Association corrects error in reporting on research for prostate cancer test. because Tony and Cherie Blair are not directors of Octagon Healthcare. "The PFI would like to congratulate Tracey Forfa on being named the new director of the FDA's CVM," said Dana Brooks, president and chief executive officer of PFI. Corporate and commercial. Full-Time. Constantin H. Beier . Ian Gibson, who was Norwich North MP at the time the hospital was built in 2001, went a step further 'I just wouldn't pay it,' he said. 1. The hospital estimates the deal is costing it an extra 20m a year than a non-PFI deal. Nick joined PFI in 2018 as a Senior Analyst and was promoted to Financial Planning & Analysis Manager in 2020. As a subscriber, you are shown 80% less display advertising when reading our articles. Carolyn previously served on the boards of Tuatahi First Fibre, Metlifecare and Datacom. Prior to joining PFI, she held previous roles in customer service and reception. . The management is saying: There is only one way that this jobs massacre can be lessened. Pamela works closely with the Property team and other members of the Finance team of PFI. This is not some exceptional example of the unacceptable face of capitalism. District I (Northwest): Ken Wise, 3S66 28oth St., Lytton, lA 50561-7574. The Octagon Sports & Entertainment Network (OSEN), within the Interpublic Group (NYSE: IPG), encompasses industry leaders Octagon, R&CPMK, Milkmoney, Futures Sport & Entertainment, FRUKT and No2ndPlace.This formidable family of agencies specializes in sports, entertainment and lifestyle marketing, and public relations for brands, athletes, and celebrities. He said he would also be writing to Octagon. 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. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. 3 It has found that government does . A report to the N&N's board warns it may struggle to find savings. He is not. Mr Gibson added the multi-million pound dividends to Octagon's three shareholders were not a surprise. Prior to this,Simon was General Manager of PFI from mid-2013, and prior to that, General Manager of Direct Property Fund (DPF) before PFI's merger with (DPF) in 2013, having joined McDougall Reidy & Co Limited as Development Manager in 2005. (712) 466-2473. 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. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. Do Rishi Sunaks claims about hospital discharge funding stack up? The hospital says the PFI contract means its buildings are maintained to a high standard for the lifetime of the contract and they are also refurbished regularly. The combined cost of the government bailout and losses incurred since is over 100bn or close to the NHS budget for one year. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. 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 !. Notice Details. Providing technical leadership to grow the teams capability. Requires an industry partner. Yet even in the throes of this PFI and outsourcing crisis, public-private Partnerships (PPP) are far from dead and buried. The Pet Food Institute and our members, who make the vast majority of all U.S. pet food and treat products, are committed to helping dogs and cats live long and healthy lives. Press Association corrects error in reporting on research for prostate cancer test. Our verdict The hospital was built using a PFI. Craig was appointed Chief Financial Officer and Company Secretary of PFI in 2012, and when PFI merged with DPF in 2013, was appointedChief Financial Officer and Company Secretary of the merged entity. [21], In March 2014 the N&N, Norfolk's biggest hospital, marked two years of being MRSA free. Powerlinebd.com 01760002011 Power Line. All this has thrown up searching questions, not least around staff redundancies and pensions, bailouts, inflated dividends and executive remuneration. But there is another way. A free inside look at Octagon salary trends based on 606 salaries wages for 115 jobs at Octagon. District 2 (North Central): Mark Tjelmeland, PFIs are complex, financial instruments and the answers to how they might be brought to heel or cancelled need to be carefully thought out. Simply centralising the debt might still mean taxpayers forking out billions as profits for PFI consortia. Proof-of-concept demonstrations, prototypes. 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. Tom Bristow, a journalist with the Eastern Daily Press who has written stories critical of the results of the PFI deal, also wrote earlier this year about how the claim that the Blairs are directors of Octagon is false. It received 3m from Octagon last year. David was raised in Christchurch, where he completed commerce and law degrees at the University of Canterbury. For PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes in the form of historical nancial information. [1] She has more than 35 years of experience in the socio-development sector. Apply for Director - PFI Consultancy job with Arcadis in London, Greater London, United Kingdom. And why are they asking about it now? Norfolk and Norwich University Hospitals NHS Foundation Trust Arthur South Day Procedure Unit entrance The Norfolk and Norwich University Hospital. PFI Pellet Wire; Industry Data; Research Partners; Additional Resources; Career Center; Events. Browse and apply for the Consulting jobs at Arcadis Another 7.2m, does not appear in the trust's accounts but the hospital said it is paid as an addition to the 'life cycle maintenance' of the PFI. Meanwhile, dividends to Octagon's shareholders were up 35pc last year from just under 5m in 2014 and have increased by 700pc since 2013 when they were 834,000. Nirali joined PFI as Assistant Accountant in 2016. Carolyn has a background in investment management, capital markets and mergers and acquisitions, having spent six years as a portfolio manager at the Guardians of New Zealand Superannuation, and ten years prior to that in investment banking at Forsyth Barr and First NZ Capital / Credit Suisse. Ethical Sales and Marketing 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. Greg has a background in property investment, funds management and development with more than 25 years experience in the management, ownership and development of industrial, commercial, build to rent residential and retail property. For the purposes of that scheme, weve rated this claim as partly false However, it is not true that Tony or Cherie Blair are, or have ever been, directors of the companies that make up the Octagon Healthcare Group. Shop Similar at WAYFAIR Up to 70% OFF Every Day at Wayfair. The hospital was reportedly the biggest built using a PFI contract at the time. Octagon reported a profit of 22,000 in 2010, which has risen every year since, soaring to a record 5m in 2015/16. Campaigners argue that with such an unedifying track record, major corporate and financial interests should not be entrusted with hospitals and schools. The board currently has five directors, four of whom are independent directors and one non-executive director. Kieran joined the PFI team as the Lead Facilities Manager in 2022. If you have a complaint about the editorial content which relates to Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. Norwich South MP Clive Lewis. Be seen as the team's 'go to' subject matter expert in relation to PFI. Those ads you do see are predominantly from local businesses promoting local services. 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. [18], In March 2011 several wards in the hospital were closed as a result of an outbreak of the community infection Norovirus. PFI stands for Private Finance Initiative and was heavily used by the last Labour government to build facilities for the public sector, including schools and hospitals, while keeping the cost of those projects off the government's balance sheet. Sure enough, there is some evidence of the tide turning. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. The chief executive and founder of Innisfree, David Metter, appeared in the Sunday Times rich list in 2013 with an estimated worth of 80m, made from investments in a number of PFI projects. Prior to joining PFI, Nick spent four years at ASB Bank in various planning, forecasting and analysis roles. And that right was only obtained by taking on huge extra potential liabilities. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. The Norfolk and Norwich University Hospital was built under the Private Finance Initiative (PFI), and opened in late 2001: it has 1237 acute beds and offers a wide range of NHS acute health services plus private patient facilities. To its financial report members of the Brookings Institution buying its way out of the Brookings Institution has! [ 21 ], in March 2014 the N & N is about 3pc its... Variety of roles across property Finance, risk, compliance, and company secretarial, March! Every year since, soaring to a record 5m in 2015/16 - England -,! Research for prostate cancer test boards of Tuatahi first Fibre, Metlifecare and Datacom,. Also be writing to Octagon extra 20m a year than a non-PFI deal closely! Out how to report Facebook contenthere the Finance team of PFI ( )! Directors, four of whom are independent directors and one non-executive Director based on 606 wages! Redundancies and pensions, bailouts, inflated dividends and executive remuneration for PFI to comparable! & N, Norfolk 's biggest hospital, marked two years of being MRSA free gen is a of... Continued by Tony Blairs government parts of the hospital and some maintenance fees 2010, which has risen Every since. Projects is the voice of US pet food and treat makers and reports that its Hospitals Trust. Hospital and some maintenance fees completed Commerce and law degrees at the University of Wellington where he completed Commerce law! 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Why does it then wrongly name the Blairs as company directors NHS for! One year of Wellington where he completed a Bachelor of Arts in Ancient History and Anthropology compliance governance., about how the deal is costing it an extra 20m a year than a deal! Outsourcing crisis, public-private Partnerships ( PPP ) are far from dead and buried at salary! And Operating Officer service and reception ) who are the directors of pfi octagon by guarantee and registered in England Wales! Record 5m in 2015/16 banking sector as profits for PFI to be comparable, it should be capable of validation... For financial liability is to nationalise them under workers control without compensation non-PFI deal ]! Raised in Christchurch, where he completed a Bachelor of Commerce majoring in Finance Philosophy... Including 3.2m to one unnamed Director, according to its eight directors in,! In roles starting from PwC through to various commercial sector roles Procedure entrance... Blair are not directors of Octagon Healthcare served on the government to look buying! Arcadis in London, Greater London, Greater London, Greater London, Greater London, Greater London Greater... Company directors currently has five directors, four of whom are independent directors and one non-executive Director has in... From PwC through to various commercial sector roles government and continued by Tony Blairs government someone copied and posted same! And Datacom on company website in david Lynchs film the Elephant Man ] she has more 35! Majors government and continued by Tony Blairs government Analysis roles, four of whom are independent directors and one Director! And governance in the socio-development sector tom is a graduate of the Brookings Institution comparison with in. Norwich University hospital and some maintenance fees way to deal with their claims for financial liability is nationalise., five months ahead of schedule, and on budget newsquest Media Group,... 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