試す - 無料

Made-in-Wales investment model avoids 'crippling' PFI trap, says Drakeford

Western Mail

|

October 10, 2025

“CREATIVE workaround” to limited borrowing powers has delivered an extra £1.1bn for Wales while avoiding the same “crippling” pitfalls as PFI, the finance secretary has claimed.

- CHRIS HAINES ICNN Senedd reporter

Speaking in the Senedd, Mark Drakeford explained £1.14bn for projects including the new Velindre cancer centre and A465 works “simply would not have happened” otherwise.

The Welsh Government designed the mutual investment model (MIM) - an alternative to the controversial UK private finance initiative (PFI) policy - as a way to leverage private finance due to a scarcity of funding for longer-term infrastructure.

Mr Drakeford told Senedd members the Welsh Government's capital budget has totalled around £15bn this term, so the model has bolstered spending by 7.5%.

Arguing the government's decision to reject PFI has been vindicated, he said: “Wales suffers neither from the stranded assets that have occurred in England nor do we face the ongoing disputes that surround the return to public ownership of facilities from PFI stewardship.

Western Mail からのその他のストーリー

Western Mail

Man who left partner fearing for her life told her 'snitches get stitches'

A WOMAN thought she was going to die after her partner lifted her off the floor with his hands around her neck.

time to read

2 mins

November 06, 2025

Western Mail

Western Mail

UK ‘sliding into avoidable workplace sickness crisis’

The UK is’sliding into an avoidable crisis, the author of a major review on how to keep people in work has warned as he urged a reduced reliance on fit notes amid an enormous cost to employers from ill health among workers. Aine Fox and Henry Saker-Clark of the Press Association report

time to read

4 mins

November 06, 2025

Western Mail

Why Wales can't afford to lose its linguistic edge

Dr Ruth Cocks, British Council Wales, on its report published earlier this week which warns that post-GCSE international language learning in Wales is at risk

time to read

2 mins

November 06, 2025

Western Mail

Every black bin checked by council

EVERY household in one South Wales county has had its black bin bag waste inspected by council officials during the last eight years.

time to read

1 min

November 06, 2025

Western Mail

Wales boss Craig rules himself out of Celtic running

Craig Bellamy has ruled himself out of the running for the vacant manager’s job at Celtic.

time to read

3 mins

November 06, 2025

Western Mail

A daunting autumn schedule for Wales but if Tandy gets his selection right we can start with a win

AS if our autumn fixture list wasn't difficult enough to start with by including games against South Africa and New Zealand - the top two teams in the world rankings we begin with Argentina, who beat the All Blacks and gave South Africa a good run for their money in the Rugby Championship.

time to read

5 mins

November 06, 2025

Western Mail

Western Mail

Evacuations and rescues as region hit by torrential rain

A MAJOR incident was declared after a retirement housing complex flooded forcing residents to evacuate during downpours across Wales on Tuesday night.

time to read

2 mins

November 06, 2025

Western Mail

Drug gang toppled as four men jailed

AN ORGANISED crime gang who transported kilos of cocaine into Wales were discovered after the police cracked encrypted messages which advertised the sale of class A drugs.

time to read

2 mins

November 06, 2025

Western Mail

Row breaks out before cup match

WREXHAM player James McClean was allegedly involved in an altercation with a Cardiff City supporter before last week’s Carabao Cup tie at the Racecourse Ground.

time to read

1 min

November 06, 2025

Western Mail

Tuipulotu named in England 'A' squad

ONE of the most highly-rated Welsh-qualified prospects has taken another step towards playing for England after being named in the England A squad to face the All Blacks XV.

time to read

1 mins

November 06, 2025

Listen

Translate

Share

-
+

Change font size