Salford City Council refused permission to lend money to the Pendleton PFI project team

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Government has told Salford City Council that it can't access the £400 million (US$525,82 million) public fund to help with the cost of replacing dangerous cladding on the nine Pendleton blocks because it's part of a PFI.

It has also been stated by the Government it will not allow the Council to loan Pendleton Together Operating Limited money from its £25 million (US$32,86 million) fund set aside for the cladding. The Government has already stated that it will not support private companies to replace cladding.

The Salford City Mayor, Paul Dennett, and Deputy Mayor, John Merry, declared discontent with the Government's response. 

List of the country updates

Country updates

  • September 20, 2018

    Balfour Beatty announces sale of 50% interest in Scottish hospital to Semperian

    Balfour Beatty has announced the completion of the sale of its 50% stake in Fife Hospital for a cash consideration of GBP43 million (US$56.5 million), which is in excess of the Directors&rsq...

    Read more
  • September 19, 2018

    NHS Trust claims that financial backers of Royal Liverpool Hospital PPP remain committed

    Royal Liverpool and Broadgreen University Hospitals NHS Trust has released a statement on the status of the new Royal Liverpool Hospital, which was due to be completed in June 2018 before its contract...

    Read more
  • September 14, 2018

    UK government to give contracting authority option to cancel Royal Liverpool hospital PPP

    The UK Government's Department of Health and Social Care has announced that the National Health Service (NHS) Trust that contracted Carillion to construct the Royal Liverpool Hospital will b...

    Read more
  • September 14, 2018

    Renewi concludes exit from Dumfries & Galloway waste PFI contract

    Renewi plc has announced that it has successfully reached an agreement with Shanks Dumfries and Galloway Limited, Dumfries and Galloway Council and other parties to exit the Dumfries and Galloway...

    Read more
  • September 13, 2018

    Arlington Investors refinances debt used to acquire UK student accommodation portfolio

    Arlington Investors has refinanced short-term bank debt used to finance the acquisition of two student accommodation assets acquired within a portfolio in December 2017, from Study Inn....

    Read more

Share this update