Private Finance Initiative

British  

noun

1.  PFI.  (in Britain) a government scheme to encourage private investment in public projects

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Example Sentences

The plans, to be funded through the private finance initiative over 30 years, extended to Nos 11 and 12 Downing Street and 70 Whitehall - the home of the Cabinet Office - which would have been given a new glass-fronted extension and blast-resistant glazing.

From BBC

Accepting the view that privatisation meant efficiency, Labour PMs Tony Blair and Gordon Brown embraced similar principles with the Private Finance Initiative, under which the government had contracts with the private sector to finance, build and maintain hospitals, roads and prisons.

From BBC

Airbus runs the current satellite communications service under a Private Finance Initiative it signed with the ministry in 2003.

From BBC

It’s the private finance initiative, or the degradation of the biosphere, or someone on a train with a loud voice, or a perfume called Psychoanalysis, or a helicopter.

From The Guardian

Earlier today Construction Enquirer reported that the two firms involved in the Grenfell Tower refurbishment also delivered a bigger project in the Chalcot Estate in the north London borough as part of a £18m revamp under the Private Finance Initiative.

From The Guardian