who are the directors of pfi octagonwho are the directors of pfi octagon

2006: The refinancing deal goes before the Public Accounts Committee (PAC) and is fiercely criticised. Across the NHS, PFI repayments have contributed to hospital mergers, closures and downgrades. contact the editor here. The Norfolk and Norwich University Hospital has been visited by a number of notable people in public life; On this Wikipedia the language links are at the top of the page across from the article title. 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.. I also wanted to know why they thought the former PM was profiting from the private finance initiative (PFI) deal which funded the NNUHs construction in 2000. Norwich South MP Clive Lewis. [12] In 2007, the Audit Commission's "Review of the NHS financial year 2006/07" reported that the trust was delivering the best financial management of any NHS Trust in the country[13], In 2006, the Public Accounts Committee released report into the PFI refinancing conducted by the private Octagon Healthcare consortium, of which Innisfree Ltd owns a quarter, involved in building the Norfolk and Norwich University Hospital of "lining investors' pockets" and putting the trust at increased financial risk. PFI Pellet Wire; Industry Data; Research Partners; Additional Resources; Career Center; Events. Anthony's other directorships include Arvida Group Limited. Innisfree has made a fortune by investing in PFIs across the UK. This year. 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. Whats more, PFI payments have been indexed higher with each successive year regardless of a hospitals revenue. "[10], The hospital neighbours the constituency of South Norfolk MP Richard Bacon, also a member of the Public Accounts Committee. There must be a new leadership to carry this struggle forward. 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. The hospital was built using a PFI. 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. PFI Panel board bd Power Factor Improvement Panel Board bd . Genevieve (Gen) joined PFI as Office Administrator in 2022. Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. 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. He is currently a Director of Tainui Group Holdings Limited, Air New Zealand Limited, and Port of Tauranga Limited and is a member of the Executive Board of the Halberg Foundation. 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 !!! Samantha joined PFI as Systems & Reporting Manager in 2022. The NHS is on its knees. The hospital won the Building Better Healthcare Award[5] for Best Designed Hospital in September 2002. Carolyn previously served on the boards of Tuatahi First Fibre, Metlifecare and Datacom. Anthony is a professional director and consultant, consulting to both the private and public sector on a wide variety of property matters. We urge you to accept the moral case for offering a share in this gain'.'. There are currently over 700 PFI contracts and the bulk will start to expire from 2025. The hospital under construction at Colney in 2001. Photo: Archant, Norman Lamb, North Norfolk MP. (712) 4S8-2001. Privacy, terms and conditions. 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. This meant the hospital had no right to receive any proceeds from the refinancing at all, let alone the 29% share it eventually secured. Neom is a project aiming to construct a huge new smart city on the Red Sea coast in the northwestern Saudi province of Tabuk. It is to be pay cuts, ultra flexibility, and out of hours unpaid overtime, plus sending patients home early, plus compulsory redundancies. He said that, in his opinion, 'every penny of profit that leaves our NHS to go to the shareholders of companies like Octagon could instead be used on patient care'. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Start your Independent Premium subscription today. 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. Pamela joined PFI as Finance Manager in 2020. The consortium which financed NNUH is called Octagon Healthcare. Tony Blair and Gordon Brown saw Private Finance Initiatives as a way to deliver infrastructure projects without huge capital expenditure, The British construction and outsourcing firm announced its immediate liquidation on 15 January, HSBC was among those banks instrumental in what the RBS chairman has effectively labelled a great heist, Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, This is what Private Finance Initiatives are and how they work, The great PFI heist: How big banks took over UK plc, How to Dismantle the NHS in 10 Easy Steps, Extra 20% off selected fashion and sportswear at Very, Up to 20% off and extra perks with Booking.com Genius membership, $6 off a $50+ order with this AliExpress discount code, 15% off selected items using this eBay discount code, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK February 2023, Compare iPhone contract deals and get the best offer this February, Compare the best mobile phone deals from the top networks and brands. It was a persuasive argument which seduced many. Good Morning Britain. 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 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. Photo: PA Wire. That 20m would pay the wages of 800 nurses, or 200 GPs. Semperian Executive Emma Lancaster Managing Director of Assurance Services Becky Brunt Managing Director of Business Support Alan Birch Chief Executive Officer Andrew Rhodes Deputy Chief Executive Jonathan Simpson Chief Finance Officer Gary Brown Chief Operating Officer Richard Little Chief Investment Officer Colin Anderson Group Counsel 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. 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 has investments in 57 projects, worth 17.3 billion, according to its website. The proposed variation to the PFI contract . Chair of our Compensation . It is one of the largest hospitals in the United Kingdom in terms of in-patient capacity. Completed in 1801, it was a winter residence for an eminent Virginian planter, Colonel John Tayloe III, and his family. 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]. Golf Clients . The hospital opened in 2001 under a deal called a Private Finance Initiative (PFI). Whether it's Blair . Ambulances were forced to queue outside the building while non-urgent patients were discharged to free up beds and a major incident emergency plan implemented. District I (Northwest): Ken Wise, 3S66 28oth St., Lytton, lA 50561-7574. 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 !. Nirali is currently on maternity leave until September 2023. Then at 8pm someone copied and posted the same false information which Mr Hunt had written and it rapidly spread. I wanted to ignore them, dismiss them as conspiracy theorists, but surely the renewed interest in an old article and these emails were linked? No wonder! 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. Please click on the names below to learn more about the PFI team. If you are dissatisfied with the response provided you can 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. As a subscriber, you are shown 80% less display advertising when reading our articles. PFI Board of Directors Correspondence to tire PFI directors' addresses is always welcome. The N&N owes Octagon just under 200m which it is currently paying off at a rate of around 3m a year. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. 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. Jordon Trishton Walker, Pfizer Director of Research and Development, Strategic Operations - mRNA Scientific Planner: "One of the things we're exploring is like, why don't we just mutate it [COVID] ourselves so we could create -- preemptively develop new vaccines, right? 2003: The hospital 'refinances' its PFI deal with Octagon. 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.'. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity, Find your bookmarks in your Independent Premium section, under my profile. PFI-RP grants are up to $550,000 over 36 months. Please click on the names below to learn more about the PFI team. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity. '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 argument went that Labour had inherited public services in such a diabolical state of neglect that there was no alternative to the private financing of whole swathes of infrastructure. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. These initial tremors might be the canary in the coal mine. Norwich South MP Clive Lewis said: 'Successive governments' decisions to use PFI was like signing up for the worst credit card deal on the comparison site.' Angela recently joined PFIs Board in February 2023. It only got a small amount of traction. The subsequent report says the refinancing deal was 'lining investors' pockets' and putting the trust at increased financial risk. 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.. Director since 2001, last re-elected June 2020. Data returned from the Piano 'meterActive/meterExpired' callback event. 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 PFI director mentors National Guard or Reserve Service Members in the program to . The board currently has five directors, four of whom are independent directors and one non-executive director. As early as 1999, Richard Smith, editor of the British Medical Journal, denounced it as PFI: Perfidious Financial Idiocy in an editorial revealing that repayments would be exorbitant. District 2 (North Central): Mark Tjelmeland, The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Copyright 2010-2023 Full Fact. Job in Hove - England - UK , BN3. To make matters worse for the hospital, the busier it gets, the more it has to pay Octagon and demand on it has soared. Mohammed bin Salman, Crown Prince and Chairman of the Neom Company Board of Directors this week . [21], In March 2014 the N&N, Norfolk's biggest hospital, marked two years of being MRSA free. 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. From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). It hopes to pay Octagon off by 2037 the earliest opportunity it has to end the contract. Banking leviathan HSBC also has a stake in PFI hospitals. Providing technical leadership to grow the teams capability. Do Rishi Sunaks claims about hospital discharge funding stack up? The hospital's hands are closely bound when it comes to making 22m of cuts this financial year and getting closer to budget. 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' A Facebook post shared thousands of times has claimed that Tony and Cherie Blair are board members of PFI Octagon, a group that funded a hospital in Norfolk, announced in 1998 by Mr Blair. To save the NHS we must go forward to a workers government. Sure enough, there is some evidence of the tide turning. c/o B2S Marketing Av. Editors' Code of Practice. Managing Director, Octagon Financial Services Talent + Properties Simone Errey Managing Director Marketing Australia James Logan Head of Client Services Marketing UK Marianne Rotole Executive Vice President, Client Services Marketing North America Ross Chouler Head of U.S. Pamela works closely with the Property team and other members of the Finance team of PFI. And why are they asking about it now? The N&N is about 3pc of its portfolio. Imagine being whipped into such a frenzy by a Facebook post, which you havent even bothered to check the accuracy of. This is not some exceptional example of the unacceptable face of capitalism. It hosts the Norwich GP speciality training scheme. The Pet Food Institute (PFI) has selected Dana Brooks as the organization's new president and chief executive office. 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. Madeline Serpico US Chief Executive Officer-Multinational Clients. Weightmans LLP > The Legal 500 Rankings Dispute resolution > Professional discipline Tier 1 Further to its June 2022 merger with RadcliffesLeBrasseur LLP, Weightmans LLP's large Notice Details. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. All directors are appointed by shareholders at PFI's annual meeting. 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