Looks like there's yet another high risk element in the bid for PFI backing for an incinerator. The PFI pot itself is drying up.
The Guardian reports on a leaked NHS memo revealing government warnings of a 'capital desert' in PFI credits for new ventures. As 'none of the banks have any money or are likely to have any for a few years, the absence of a 'plan B' is going to cause a real problem.'
Odd, that. Back in October I asked Mark Bradshaw if there's a 'Plan B' in case his own PFI bid fails. Evidently not. They'd just expect to pay a further £84 million to get the same scheme from taxation - although that scheme is selected solely because it's the one most likely to get bank funding!
While all this PFIffle is going on, the West of England has thoughtfully launched a CONsultation into how best to allocate land to deal with the sub-region's waste.
Option B, with waste management spread over 8 smaller sites - is the one preferred by environmentalists.
WoE makes it very clear that its own choice is for Option C, the one with a big site at Avonmouth that happens to be just the right size for a great big incinerator. And if you doubt their sincerity, judge them by the fact that they've already bid for the cash, months before March 12th deadline for public comment.