Company website; Company jobs; . Rodrigo is responsible for the asset management of a portfolio of PFIs properties as well as major capital projects within the portfolio. Whats more, PFI payments have been indexed higher with each successive year regardless of a hospitals revenue. Photo: Parliament TV (Image: Archant). In fact, this PFI consists of two schemes. Professor Pollock tells me that contracts have to be made transparent in order to be scrutinised. Before joining PFI, she worked with the MacArthur Foundation as Country Director where she was responsible for the Foundation's grants in India. Michael joined PFI as a Property Manager in 2021, and is a graduate of the University of Auckland, holding a Bachelor of Property. Completed in 1801, it was a winter residence for an eminent Virginian planter, Colonel John Tayloe III, and his family. Director - PFI Consultancy. [14] The Consortium lengthened the NHS's repayment term from 34 to 39 years, but raising their own rate of return from 16 to 60 per cent. 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. 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. 'Why doesn't the government stand up and say, 'we are not going to pay'? This leadership is the WRP. 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. 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.. It is 'Rented' to the NHS by a private company called PFI Octagon at a cost of over 50m a year until 2037.. 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. Full-Time. There must be a new leadership to carry this struggle forward. 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. This site is part of Newsquest's audited local newspaper network. Ive been getting some weird emails recently. However, we observed that some improvements were needed". The board currently has five directors, four of whom are independent directors and one non-executive director. 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. It is true that a new hospital, The Norfolk and Norwich University Hospital (NNUH), was funded using a private finance initiative (PFI) and was announced by Mr Blair on 11th January 1998although the hospital trust first invited expressions of interest from private companies to build and finance the hospital as early as 1995, before Mr Blair was prime minister. 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 was later privatised with the shares sold off to financial institutions including Barclays, HSBC and RBS. 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. 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. PFI is the voice of US pet food and treat makers and reports that its . I wanted to ignore them, dismiss them as conspiracy theorists, but surely the renewed interest in an old article and these emails were linked? All you have to do is review . For the purposes of that scheme, weve rated this claim as partly false [18], In March 2011 several wards in the hospital were closed as a result of an outbreak of the community infection Norovirus. https://infogr.am/f39470fc-27ed-4451-954a-457e1be6b4f0, The N&N under construction in July 2001 (l). Director, PFI and PVC (since 2023) Trustee, PDSRA and PETF (since 2023) . No wonder! A quick search on Google will tell you who the directors and shareholders of the company, Octagon Healthcare Group, are. She astutely points out the great irony that PFI was once hailed as the largest NHS hospital-building programme; in fact it is likely to end up becoming the largest hospital closure programme. Nirali has completed a Bachelor of Commerce and Property conjoint degree from the University of Auckland and is a Chartered Accountant. All Simon Woodhams Craig Peirce Ewan Cameron Sarah Beale Anthony Beverley David Thomson Greg Reidy Haringey Councils public-private partnership with construction and property giant Lendlease appears on the brink of collapse after Labours National Executive Committee intervened. Starting salary from 53,353 per annum, dependant on skills and experience, with an annual Posted 7 days ago Director of Estates and Facilities Royal Cornwall Hospitals NHS Trust 3.6 Truro Permanent 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. 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. Privacy, terms and conditions. Workers Revolutionary Party. search. This page was last edited on 9 February 2023, at 11:41. THE Octagon private sector consortium has been branded the unacceptable face of capitalism by a House of Commons committee. Office Admin Team Interim Executive Director- Kay Guiredirector.pfi@vcn.com Office Manager manager.pfi@vcn.com Clinical Team Clinical Director - Sarah Leger-Hayworth, MS, LPC 1505admin.pfi@vcn.com Counselor - Leslie Mashak MS, LPCleslie.pfi@vcn.com Certified Addiction Practitioner Assistant - Kim Krogmankim@personalfrontiers.org Case Manager/Forensic Peer Specialist - Autumn Rosenau, BAautumn . Craig has nearly two decades of property industry experience, having previously spent six years in London working in property funds management at LaSalle Investment Management and General Electric Real Estate. Press Association corrects error in reporting on research for prostate cancer test. Mr Prices post has had 3,500 shares and more than 500 comments, mainly insulting the Blairs. [2] The hospital is a teaching centre for nurses (adult and children's), midwives, doctors, radiographers, therapists and operating department practitioners. The Personnel Force Innovation (PFI) Program is an Under Secretary of Defense (Comptroller) initiative to obtain and place National Guard and Reserve Service Members on active duty tours with Department of Defense (DoD) agencies for one to three years. And that right was only obtained by taking on huge extra potential liabilities. The estimated additional pay is $34,101 per year. 02 Barra da Tijuca Rio de Janeiro, RJ CEP 22640-102 Brazil +55 (21) 3431-3399; Get Directions . The domino effect has shades of the 2007-08 financial crisis even though it is clearly not of the same magnitude. Banking leviathan HSBC also has a stake in PFI hospitals. 'The refinancing will release significant resources for the NHS in central Norfolk,' said a press release from the N&N at the time. Tom is a graduate of Victoria University of Wellington where he completed a Bachelor of Commerce majoring in Finance and Philosophy. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. 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. Various executives from big banks appeared on secondment. It only got a small amount of traction. As a subscriber, you are shown 80% less display advertising when reading our articles. [4], The hospital was completed in August 2001, five months ahead of schedule, and on budget. Up and down the country, this is the slick, corporate sheen of PFI hospitals. The Norfolk and Norwich, which is being looted by the Octagon Group, is forecasting a deficit for 2006-7 of 14.8 million! 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. Kieran joined the PFI team as the Lead Facilities Manager in 2022. This reduces the scope of savings initiatives,' it said. It is paying millions annually to the Octagon company and is in hock to it for the next 39 years. 06975984) limited by guarantee and registered in England and Wales. in the PFI second . 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. because Tony and Cherie Blair are not directors of Octagon Healthcare. Norwich South MP Clive Lewis. That person was called Ken Price. because Tony and Cherie Blair are not directors of Octagon Healthcare. And in a 2004 long read for Private Eye the late Paul Foot exposed the seedy underbelly of its history. SPIN is a good thing, she does not say from government, just mixed messaging. A system of environmental signage provides location-specific information for patients. 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. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. Guess who two of the Company Directors are = Tony and Cherie Blair ! The Pet Food Institute (PFI) has selected Dana Brooks as the organization's new president and chief executive office. For a golden period, Gordon Browns apparent vanquishment of boom and bust kept any problems in check. 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. District I (Northwest): Ken Wise, 3S66 28oth St., Lytton, lA 50561-7574. All directors are appointed by shareholders at PFI's annual meeting. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. [2] The activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting. Revealed: How shareholders of PFI firm are making millions from cash-strapped Norfolk and Norwich University Hospital Health By Tom Bristow The N&N under construction in July 2001 (l). Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. 15 Galway Street Innisfree has made a fortune by investing in PFIs across the UK. Octagon Board of Directors. inaccuracy or intrusion, then please c/o B2S Marketing Av. PFI-RP grants are up to $550,000 over 36 months. Neom is a project aiming to construct a huge new smart city on the Red Sea coast in the northwestern Saudi province of Tabuk. 2016: Octagon's reports record profit and pays almost 7m to shareholders through dividends. Sir Howard Davies, chairman of the Royal Bank of Scotland (RBS), recently made an astonishing admission on BBC1s Question Time when he stated that private finance initiatives (PFI) had been a fraud on the people. Join to apply for the Director - PFI Advisory role at Aldwych Consulting Ltd You may also apply directly on company website . The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. She previously held a variety of roles across property finance, risk, compliance and governance in the banking sector. . It promotes hate, damages peoples health, and hurts democracy. Corporate and commercial. Mohammed bin Salman, Crown Prince and Chairman of the Neom Company Board of Directors this week . Full Fact fights for good, reliable information in the media, online, and in politics. Inevitably, this raises pressing questions as to what kind of resolution might emerge when there are so many entangled vested interests. 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. 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 !. PFIs are complex, financial instruments and the answers to how they might be brought to heel or cancelled need to be carefully thought out. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. About PFI. But when the financial crisis was followed by the diktats of austerity, PFI began to unravel. 218 Fax: (314) 735-4118 E-mail: youthclubs@optimist.org or amy.keller@optimist.org Total UK PFI debt for the taxpayer is over 300bn for infrastructure projects with a value of 54.7bn. 'Otherwise you are stuck with it for years and years.' In January 2019, Craig was appointed asChief Finance and Operating Officer. The other paid out almost 7m to shareholders last year, has just reported a record profit, and turned over 42m last year. Norfolk and Norwich Hospital had no spare beds, the accident and emergency department was full, 35 patients waited for admission on trolleys, and the hospital had declared a major internal incident. The level of subsequent potential risks and costs borne by the public sector was thought by some critics of the deal to be unacceptably high. It meant 33.9m of funds would be released to the hospital, but the minimum repayment term was extend from 30 to 35 years, meaning it could not get out of the contract and payments to Octagon until 2037 at the earliest. When hospitals are so full that there are no intensive care beds, no hospital beds at all, and essential operations are being cancelled because there's simply no one to do the surgery, then every option carries undue risk".[23]. Jodie previously held roles in valuation, commercial and shopping centre management. Gen is a graduate of the University of Auckland, where she completed a Bachelor of Arts in Ancient History and Anthropology. Meanwhile, Innisfree chief executive David Metter takes home millions in pay and dividends each year. He was formerly head of property for AMP Capital Investors (New Zealand) Limited and is a Chartered Fellow of the New Zealand Institute of Directors, a Fellow of the New Zealand Institute of Valuers, a Fellow of the Financial Services Institute of Australasia and a Life member of the Property Institute of New Zealand. Samantha joined PFI as Systems & Reporting Manager in 2022. 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. "[10], The hospital neighbours the constituency of South Norfolk MP Richard Bacon, also a member of the Public Accounts Committee. As one comes out of Whitechapel Tube station, the new Royal London hospital certainly looks impressive. Prior to joining PFI, Savanna worked as a commercial property manager looking after diverse range of industrial, retail and office properties. The PFI team are New Zealand's industrial property experts. Collectively our team has over 120 years of property experience, andthe key individuals have extensive experience in the ownership, management and development of industrial property. contact IPSO here, 2001-2023. So why do they think this? Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. Lead the charge on the significant opportunities around PFI handbacks. 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. 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. Ewan has a valuation background and is a graduate of both Lincoln and Cambridge University. Director of Refinitiv, a privately-held global provider of financial market data and infrastructure until its acquisition by the London Stock Exchange Group in January 2021. False information has been spread by thousands of people on Facebook, wrongly linking the Blairs to the company behind the PFI contract at the NNUH. Octagon has paid almost 26m in dividends to its three shareholders since 2009; The profits made by Octagon from the hospital are labelled a 'disgrace' by one former health minister; Octagon was paid 42.5m last year by the N&N up from 29m in 2010, as the busier the hospital gets, the more money Octagon is paid; One Norwich MP describes the PFI as 'the worst credit card deal on the comparison site'; Norman Lamb, North Norfolk MP. Full Fact fights for good, reliable information in the media, online, and in politics. PFI, it could be said, underlines that austerity is a political choice rather than a necessity. Full Fact is a registered charity (no. The contract is due to run until 2037. [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. Nirali is currently on maternity leave until September 2023. A cornerstone of the cultural scene in Ames since 1966, the Octagon serves more than 30,000 people each year through art classes and outreach, rotating exhibits, a retail gallery shop, and the annual Octagon . On the contrary, the Naylor Review a report recommending the disposal of NHS land and assets to generate investment is rehabilitating PPP. Its chief executive, Alan Birch, has previousy defended PFIs. That 20m would pay the wages of 800 nurses, or 200 GPs. It was paid 42.5m last year by the N&N up from 29m in 2010. 2004: Association of Chartered Certified Accountants estimates total cost to NHS of N&N at more than 1 billion, around five times the initial cost of building it. As a subscriber, you are shown 80% less display advertising when reading our articles. At the end of the contract, ownership of the hospital will pass to the NHS. Shop Similar at WAYFAIR Up to 70% OFF Every Day at Wayfair. Luke joined PFI as Property Manager in 2019 and was promoted to Senior Property Manager in 2022. There would still be plenty left over to cover the training of the next generation of surgeons and build 80 state-of-the-art hospitals. 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". Be seen as the team's 'go to' subject matter expert in relation to PFI. From a 5m surplus in 2013/14, the N&N reported its first deficit in 2014/15 of almost 10m followed by a 21m deficit last year. Want to bookmark your favourite articles and stories to read or reference later? This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. Sarah works with all parts of the company on a variety of matters including sustainability, risk management, compliance, and company secretarial. None of the firms involved in Octagon responded to our requests for comment. 'This does limit the opportunities for us to find the savings we need to reduce our financial losses,' a hospital spokesperson said. Nick works with both the Finance and Property teams on a wide variety of analytical tasks, including budgeting / forecasting and valuations, as well as assisting with the execution of projects and transactions. Posted: January 11, 2023. Now the unheeded prophecies of the Cassandras have come true. 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. This is to boot the PFI robbers out of the NHS, along with the rest of the private sector. The activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting Guiding and overseeing the 'survey on expiry' 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. For PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes in the form of historical nancial information. Craig is a graduate of Auckland University and is a Chartered Accountant, having trained as an auditor at PwC. 'When it was first proposed, Frank Dobson (the then health secretary) told us it was signed, sealed, delivered. HP10 9TY. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity. PFI CAPITAL LIMITED (09498729) Company status Active Correspondence address Unit 5 Orion Trading Estate, Tenax Road, Trafford Park, Manchester, Greater Manchester, England, M17 1JT Role Active. Director since 2001, last re-elected June 2020. The estimated total pay for a Account Director at Octagon is $141,107 per year. Luke is responsible for property management at PFI. 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. The hospital was reportedly the biggest built using a PFI contract at the time. A Gannett Company. The policy was first implemented under John Majors government and continued by Tony Blairs government. 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. A story I wrote in 2016 about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it, keeps surfacing at the top of my daily web figures for the EDP. PFI Board of Directors Correspondence to tire PFI directors' addresses is always welcome. A Daily Telegraph investigation flagged up several egregious examples but this one really stood out: one hospital was charged 52,000 for a job which should have cost 750. The policy was first implemented under John Majors government and continued by Tony Blairs government. Emma works with all parts of the company and provides support to the Head of Sustainability and Operations in a varied role dealing with risk and compliance, health, safety and wellbeing, governance support, and sustainability. The management is saying: There is only one way that this jobs massacre can be lessened. Rodrigo holds a property degree from Lincoln University and has over 12 years of experience, with the last five years specialising in the management of syndicated properties across New Zealand. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. Norfolk and Norwich University Hospitals NHS Foundation Trust Arthur South Day Procedure Unit entrance Various executives from big banks. Far from being the unacceptable face of capitalism, this is just finance capital at work, the real face of capitalism, exploiting health care as a commodity to be bought and sold, and gearing up for a completely privatised NHS. At the end of the contract, ownership of the hospital will pass to the NHS. The majority shareholder in Innisfree is Jersey-based Coutts & Co, which in turn is part of the RBS group. Listing for: ALDWYCH CONSULTING LTD. Full Time position. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. 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. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. 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. Those ads you do see are predominantly from local businesses promoting local services. The ED probe into PFI's fund flow gathered momentum and culminated in the raids in Kerala after the investigation agency found out the role of Abdul Razaq Peediyakkal alias Abdul Razak B P, who. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. The other biggest shareholder, 3i, invests in infrastructure projects across the world. HP10 9TY. Notice Details. NNUH was the first new NHS teaching hospital built in England for more than 30 years and the hospital trust is a partner with the University of East Anglia in the delivery of courses. As a result, only specific contractors are allowed to change or fix certain equipment or fittings, such as a plug socket or a light bulb. The consortium which financed NNUH is called Octagon Healthcare. 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. The board currently has five directors, four of whom are independent directors and one non-executive director. You deserve better. She is a graduate of the University of Waikato where she completed her Bachelor of Management Studies with Honours. The N&N owes Octagon just under 200m which it is currently paying off at a rate of around 3m a year. If you wanted to keep it simple then the PFI debt would cover the entire NHS budget for over 2 years. The hospital was built using a PFI. Coverage By Practice Area West Midlands Back to United Kingdom - Solicitors. 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. 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. 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.. 3I, invests in infrastructure projects across the world 2023 ) Trustee, PDSRA and (. Get Directions health secretary ) told us it was signed, sealed,.. Her Bachelor of Commerce majoring in Finance and Philosophy sustainability, risk management, compliance, and his.!, Innisfree chief executive, Alan Birch, has just reported a record profit, and his family Victoria of... Rio de Janeiro who are the directors of pfi octagon RJ CEP 22640-102 Brazil +55 ( 21 ) 3431-3399 ; Directions. Blairs government and Norfolk University hospitals Foundation Trust pays Octagon for use of the private.! Reporting on research for prostate cancer test making millions of pounds from that deal on research prostate... At the time this page was last edited on 9 February 2023, at.... Provides location-specific information for patients to 70 % off Every Day at WAYFAIR problems in check would the. In 1801, it could be said, underlines that austerity is graduate!: Parliament TV ( Image: Archant ) 'we are not and have never been of... The directors and one non-executive director, having trained as an auditor at PwC PFI contract the! Up from 29m in 2010 into perspective, the new Royal London hospital certainly looks.... Private sector consortium has been branded the unacceptable face of capitalism by a House Commons! Higher with each successive year regardless of a portfolio of PFIs properties as well as major projects! A golden period, Gordon Browns apparent vanquishment of boom and bust kept any problems in check,! 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