In this piece we are going to look at another crucial component of managing an efficient, equitable and effective (‘E3’) handback; the winding up of a Project’s Special Purpose Vehicle (SPV, or Project Co).

In the third and last of our series of blogs tackling some of the key questions we have seen in the media around PFI and schools, we are looking at the questions that have been raised about flexibility, maintenance costs and poor quality service.

In this blog series we are exploring the five key areas of ‘financial opportunity’ laid out in the January keynote to Parliament from the Comptroller and Auditor General of the UK National Audit Office (NAO), Gareth Davies (the full transcript can be seen here.)