September 2003 National cancer director Professor Mike Richards formally opened the 20 million Colney Centre for Oncology and Haematology patients at the Norfolk and Norwich University Hospital. District 2 (North Central): Mark Tjelmeland, Picture: Archant, about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it. He was until recently a member of Buddle Findlay's board for seven years. Photo: Parliament TV (Image: Archant). 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. Estimates as far back as 2004 predicted taxpayers, through the N&N, will pay Octagon more than 1 billion nearly five times the 229m cost of building and opening the hospital. The hospital was built using a PFI. But when the financial crisis was followed by the diktats of austerity, PFI began to unravel. Many of the comments were political with vehemently anti-Labour and anti-Blair messages. The Trust told senior doctors, "We would like you to know that the trust will support you in making difficult decisions that may be the least unsafe decision, and we would appreciate your cooperation over the coming days with this". The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. These have seen rates of return, double, treble and even quadruple. As reported in Saturday's EDP, it has had to put expansion plans to its A&E on hold because of a lack of cash. The fees paid by the Trust are partly rent for the buildings, interest on its loan and partly fees for services such as cleaning, maintenance and gardening. This year it is paying the firm which built it 57m under the PFI deal. This is to boot the PFI robbers out of the NHS, along with the rest of the private sector. Level 4, Hayman Kronfeld Building
We have contacted Octagon's shareholder companies but have not had a response. Prior to joining PFI, Savanna worked as a commercial property manager looking after diverse range of industrial, retail and office properties. Full Fact fights for good, reliable information in the media, online, and in politics. The subsequent report says the refinancing deal was 'lining investors' pockets' and putting the trust at increased financial risk. [6], It is one of a small number of Accident and Emergency departments to benefit from Pearson Lloyd's redesign - 'A Better A&E' - which reduced aggression against hospital staff by 50 per cent. Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. She is currently the Chief Executive of Tramco Group, and a director of Vital Healthcare Property Trust, The Real Estate Institute of New Zealand, Property Council New Zealand, realestate.co.nz and Foodstuffs South Island. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. There are currently over 700 PFI contracts and the bulk will start to expire from 2025. Prior to joining PFI, she has held roles in various industries including the private equity industry in London and shopping centres portfolio in New Zealand. The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Leo Benjamin, 17636 Birch Ave., Whiting, IA 51063. Various executives from big banks appeared on secondment. 2000: The N&N becomes the first big hospital to be built in the NHS under the Private Finance Initiative (PFI). Its chief executive, Alan Birch, has previousy defended PFIs. The project was the first large PFI hospital scheme in the NHS. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. 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. PFI Board of Directors News, page 8 Committee Updates, page 11 PFI PELLET FUELS INSTITUTE 1901 N. Moore St., Suite 600 Arlington, VA 22209 (703) 522-6778, FAX: (703) 522-0548 www.pelletheat.org 2012 Issue #2 President's Message As we draw closer to the end of summer, a few important The estimated total pay for a Account Director at Octagon is $141,107 per year. Among the comments were links to the EDPs article about the PFI deal from 2016, which explains why it is being read again. Notice Details. Kam works closely with the rest of the PFI finance and property teams, with a particular focus on the accounting for PFI's tenants and properties. The other paid out almost 7m to shareholders last year, has just reported a record profit, and turned over 42m last year. "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. The N&N, which is in financial special measures, estimates it is paying Octagon 57m this year. because Tony and Cherie Blair are not directors of Octagon Healthcare. Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. @GMB. Carolyn recently joined PFIs Board in August 2022. Directors should identify why the Partnerships for Innovation (PFI) PFI-TT grants are up to $250,000 over 18-24 months. It has investments in 57 projects, worth 17.3 billion, according to its website. 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. 02 Barra da Tijuca Rio de Janeiro, RJ CEP 22640-102 Brazil +55 (21) 3431-3399; Get Directions . Simon was appointed as Chief Executive Officer of PFI in January 2019. The consortium which financed NNUH is called Octagon Healthcare. Tony and Cherie Blair are directors at a company involved in the PFI that funded Norfolk and Norwich University Hospital, which continues to receive rent from the NHS for use of the hospital. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. Shalini is a graduate of the University of the South Pacific having completed a double major Bachelor of Arts degree in Accounting & Financial Management and Economics. [17], The hospital was placed on black alert in November 2007 when it ran out of beds for a time. District 1 (Northwest): Ken Wise, 3566 280th St., Lytton, lA 50561-7574. All in all, fundamental questions are finally being asked about the nature of PFI contracts. Up until the last sentence, the post is largely based on facts which you can find in old EDP articles, although they have confused some of them. The estimated additional pay is $34,101 per year. Guess who two of the Company Directors are = Tony and Cherie Blair ! MPs on the public accounts committee say Octagon used a refinancing deal of the Norfolk and Norwich PFI (Private Finance Initiative) hospital project to boost the investors return by a gigantic 153 million, and to increase the liability of the hospital trust to 257 million if it needed to terminate the contract early. All directors are appointed by shareholders at PFI's annual meeting. Haringey Councils public-private partnership with construction and property giant Lendlease appears on the brink of collapse after Labours National Executive Committee intervened. Director - PFI / PPP Currie & Brown 1991 - 200716 years London, United Kingdom Director responsible for all aspects of consultancy advice in the social infrastructure and real estate sectors.. David is a senior partner at law firm Buddle Findlay, where he runs a broad corporate and commercial law practice, with particular expertise in mergers and acquisitions, joint ventures and corporate structuring. 508/Bl. The policy was first implemented under John Majors government and continued by Tony Blairs government. 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. 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. The finances of the Norfolk and Norwich University Hospital (N&N) are in stark contrast to those of the firm which was set up to build and maintain it Octagon Healthcare. 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. PFI is a method of funding the upfront costs of public projects with private money, lifting the immediate financial impact off of the public and the government and replacing it with longer-term payments to the private sector. She has been acting as the CVM's director since Steven M. Solomon's retirement in December 2022. Furthermore, the catch-all of commercial confidentiality has erected a firewall. 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. This year. Posted on January 29, 2018 The Pet Food Institute (PFI), the voice of dog and cat food makers and whose members make 98 percent of U.S. pet food and treat products, today announced that Dana L. Brooks will assume of the role of president and chief executive officer. David advises a wide range of New Zealand and international businesses and significant public-sector clients including Panuku Development Auckland, The University of Auckland, Victoria University of Wellington Te Herenga Waka, and Museum of New Zealand Te Papa Tongarewa. Gen provides day-to-day administration and general support for the wider office. According to our data, the highest paying job at Octagon is a VP of Human Resources at $145,000 annually while the lowest paying job at Octagon is an Account Coordinator at $12,000 annually. 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.. Of course, PFI was not always a toxic brand. PFI, it could be said, underlines that austerity is a political choice rather than a necessity. Rodrigo is responsible for the asset management of a portfolio of PFIs properties as well as major capital projects within the portfolio. Company website; Company jobs; . Sarah works with all parts of the company on a variety of matters including sustainability, risk management, compliance, and company secretarial. 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. 'The refinancing will release significant resources for the NHS in central Norfolk,' said a press release from the N&N at the time. It was later privatised with the shares sold off to financial institutions including Barclays, HSBC and RBS. Before joining PFI, she worked with the MacArthur Foundation as Country Director where she was responsible for the Foundation's grants in India. The past month has seen the demise of construction giant Carillion followed by the collapse of Capitas market value: both firms having built huge empires by providing outsourced services to public authorities. Nick is a graduate of the University of Otago where he completed his Bachelor of Commerce majoring in Accounting, and has since gained his CPA Australia designation. Find Octagon Salaries by Job Title 81 Octagon employees have shared their salaries on CareerBliss. Simply centralising the debt might still mean taxpayers forking out billions as profits for PFI consortia. And why are they asking about it now? 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. 'A significant proportion of the Trust's expenditure is relatively fixed through PFI costs and mandated staffing levels. The controversial Private Finance Initiative was first introduced to the public sector under the Conservative government of John Major and the contract for NNUH, one of the first PFI hospitals, was signed in 1996. ALDWYCH CONSULTING LTD. BN25, ENG. This page was last edited on 9 February 2023, at 11:41. Imagine being whipped into such a frenzy by a Facebook post, which you havent even bothered to check the accuracy of. It later transpired that the process of bringing in PFI had not exactly been transparent. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. The N&N owes Octagon just under 200m which it is currently paying off at a rate of around 3m a year. Photo: Jonathan Brady/PA Wire, The Norfolk and Norwich University Hospital. The way out of the PFI crisis for the government and the management of the Norfolk and Norwich is to attack the workforce and to attack patient care. Vercity also employs talented senior finance experts, comprising finance directors, operations managers, management accountants and financial controllers. We urge you to accept the moral case for offering a share in this gain'.'. contact IPSO here, 2001-2023. So, we have to do that. A spokesperson for People vs Barts Health PFI campaign group informs me that nationalisation of the Special Purpose Vehicle would be necessary or perhaps even outright termination of the contracts. 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. . 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.'. Banking leviathan HSBC also has a stake in PFI hospitals. So why do they think this? 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. All 100% Facts = Google them.. Guess who two of the Company Directors are = Tony and Cherie Blair ! Director, PFI and PVC (since 2023) Trustee, PDSRA and PETF (since 2023) . The total bill for NHS PFI hospitals is ultimately projected to rise above 79bn, way in excess of original build costs of 11.4bn. The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. 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) 292-7035 For questions, please refer to the cognizant PFI Program Directors listed above. It was paid 42.5m last year by the N&N up from 29m in 2010. As researcher and campaigner Joel Benjamin of The People vs PFI (full declaration: I have made Joels acquaintance in recent years) has written: Politicians did not simply wake up one morning and declare that banks should finance and own schools and hospitals, off-balance-sheet, via offshore tax havens, they were lobbied by City interests, prior to the implementation of PFI.. PFI-RP grants are up to $550,000 over 36 months. [21], In March 2014 the N&N, Norfolk's biggest hospital, marked two years of being MRSA free. For the purposes of that scheme, weve rated this claim as partly false Jodie previously held roles in valuation, commercial and shopping centre management. The report noted that the consortium was receiving an over 80 million pound windfall from the deal, and the National Audit Office said that the windfall was the third it had uncovered after complaints from MPs and the public. She has previously held roles in the property industry. And in a 2004 long read for Private Eye the late Paul Foot exposed the seedy underbelly of its history. It means Octagon's turnover is increasing every year. This leadership is the WRP. Ewan is responsible for leading the team that manages PFI's property portfolio. 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 . Picture: Archant (Image: Archant 2018). . The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. Read more about our Board of Directors here. Neom is a project aiming to construct a huge new smart city on the Red Sea coast in the northwestern Saudi province of Tabuk. This material is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of . But at the current rate of payment it would take more than 60 years to clear the debt. About PFI. 'The more patients we treat, the higher the PFI usage fee, on the basis that the services are used more intensively and the buildings require greater maintenance,' a spokesperson for the hospital explained. The finance director will support the finance department's growth and day-to-day activities by: 30kvr 60kvr 90kvr 120kvr 150kvr 190kvr 200kvr 250kvr 300kvr 380kvr -600kvr PFi Panel Board BD. Mr. Bacon wrote about the financing of the hospital on his website; "The Department of Health would not allow the hospital to include a refinancing clause in the original contract. In the same year, Professor Allyson Pollock and colleagues published a paper sounding the alarm over the potentially disastrous consequences of PFI debt and the financialisation of public services. I searched for Tony Blair and Octagon and came across lots of posts all written this month where people had copied and pasted the same false information: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998 from a press conference in Tokyo they started work the very next day !!! May 8, 2020. The hospital was reportedly the biggest built using a PFI contract at the time. 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 !.