The Private Finance Initiative (PFI) allows corporations to access guaranteed flows of public funds in exchange for the use of new facilities and the provision of asset-based services such as maintenance and estates management. The policy has been developed in the UK since 1992 and has been applied in fields of social policy analysis: notably, health and education. PFI has been a difficult policy to make work and since its introduction, governments and businesses have sought to develop strategies to shape both its evolution and its implementation. These strategies have aimed to overcome significant institutional, technical, ideological and practical barriers. Through business—government collaboration in relation to the restructuring of the institutions of the state, the production of a pro-PFI rationale and mechanisms for the spread of technical know-how, businesses have been brought to centre stage in policy making and policy delivery.
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