The National Health Service (Private Finance) Act 1997
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NHS trusts
An NHS trust is an organisational unit within the National Health Services of England and Wales, generally serving either a geographical area or a specialised function (such as an ambulance service). In any particular location there may be several ...
to borrow money or rent out property in loan agreements with the private sector, to expand their facilities or build new buildings. As it enabled a major kind of
private finance initiative
The private finance initiative (PFI) was a United Kingdom government procurement policy aimed at creating "public–private partnerships" (PPPs) where private firms are contracted to complete and manage public projects. Initially launched in 199 ...
, it has been highly controversial.
Contents
Section 1
provides:
See also
*
UK enterprise law
United Kingdom enterprise law concerns the ownership and regulation of organisations producing goods and services in the UK, European and international economy. Private enterprises are usually incorporated under the Companies Act 2006, regulated ...
References
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United Kingdom enterprise law
United Kingdom Acts of Parliament 1997