The Blairite Third Way would somehow square the circle by delivering new schools, hospitals, roads, railways and prisons without the debt or inefficiency of the public sector. All accounts receivable matters are being handled by Timothy Low in her absence. It means Octagon's turnover is increasing every year. '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. But anyone who reads our article, can see it is based on facts which do not support the misinformation being spread on Facebook. Of course, it can not police every post, it is up to us the user to take care of what we believe. The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. Thanks to Bytemark for donating our web hosting. It later transpired that the process of bringing in PFI had not exactly been transparent. The PFI costs take up around 10pc of its annual budget. The hospital trust can terminate the PFI deal with Octagon in either 2037, 2042 or 2052. District 1 (Northwest): Ken Wise, 3566 280th St., Lytton, lA 50561-7574. It promotes hate, damages peoples health, and hurts democracy. 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 !!! The ED probe into PFI's fund flow gathered momentum and culminated in the raids in Kerala after the investigation agency found out the role of Abdul Razaq Peediyakkal alias Abdul Razak B P, who. NNUH was the first new NHS teaching hospital built in England for more than 30 years and the hospital trust is a partner with the University of East Anglia in the delivery of courses. Vercity also employs talented senior finance experts, comprising finance directors, operations managers, management accountants and financial controllers. Various executives from big banks. Jeremy Corbyn hailed the potential halt of the Lendlease scheme as a victory for municipal socialism, with top-down progressive leadership combining with bottom-up local campaigning to deliver a rare victory for citizens over what are often deemed to be unaccountable corporate interests. Prior to that, Rodrigo was involved in the management of a nationwide government property portfolio and worked in commercial management within the aerospace industry in Germany. because Tony and Cherie Blair are not directors of Octagon Healthcare. Before joining PFI, she worked with the MacArthur Foundation as Country Director where she was responsible for the Foundation's grants in India. Board of Directors; Open Architecture; Collective Intelligence; Corporate Governance; Supplier Management; Menu Search. St. Louis, MO 63108 Phone: (800) 500-8130 or (314) 371-6000, ext. [7], A 4.5m radiotherapy cancer treatment unit, the Winterton Unit, at the Norfolk and Norwich University Hospital, was opened by the Duke of Gloucester in May 2014. In January 2019, Craig was appointed asChief Finance and Operating Officer. 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? Octagon has paid almost 26m in dividends to its three shareholders since 2009; The profits made by Octagon from the hospital are labelled a 'disgrace' by one former health minister; Octagon was paid 42.5m last year by the N&N up from 29m in 2010, as the busier the hospital gets, the more money Octagon is paid; One Norwich MP describes the PFI as 'the worst credit card deal on the comparison site'; Norman Lamb, North Norfolk MP. The consortium which financed NNUH is called Octagon Healthcare. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. 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. This site is part of Newsquest's audited local newspaper network. Kieran joined the PFI team as the Lead Facilities Manager in 2022. Photo: Jonathan Brady/PA Wire, The Norfolk and Norwich University Hospital. Copyright 2010-2023 Full Fact. HP10 9TY. Full Fact is a registered charity (no. "[11], In 2006/07, the trust projected a savings target of 14.8 million but recorded a surplus of 867,000 by the end of the same financial year. And why are they asking about it now? Greg is also director of Reidy & Co Limited. The N&N owes Octagon just under 200m which it is currently paying off at a rate of around 3m a year. One man even threatened to kill the Blairs because of this untrue post. Simply centralising the debt might still mean taxpayers forking out billions as profits for PFI consortia. 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 That includes 20.7m in operating expenses and 29m in non-operating expenses the lease, interest and financing the debt to Octagon. PFIs are complex, financial instruments and the answers to how they might be brought to heel or cancelled need to be carefully thought out. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. Ive messaged him, asking why he shared it. Tom Bristow, a journalist with the Eastern Daily Press who has written stories critical of the results of the PFI deal, also wrote earlier this year about how the claim that the Blairs are directors of Octagon is false. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. Read more about our Board of Directors here. And he urged the hospital to request money back from Octagon. 2023 PFI Annual Conference; 2022 PFI Annual Conference; 2021 PFI Annual Conference; 2020 VirtuallyPFI Online Conference; 2019 PFI Annual Conference Photos This year. My comment telling them theyve got it wrong, will be lost amid the 500 comments and anyway it is too late. Copyright 2010-2023 Full Fact. Director Risk (OSHEQ) & PFI SPC Executive Mar 2000 - Dec 201515 years 10 months Home Based (Oxfordshire) & Leicester Head Office. It hopes to pay Octagon off by 2037 the earliest opportunity it has to end the contract. The hospital was built using a PFI. Maybe the press and reporters should start taking more responsibility for the mess ffs. It promotes hate, damages peoples health, and hurts democracy. At the end of the contract, ownership of the hospital will pass to the NHS. Yet there is also an aesthetic and functional brutalism with labyrinthine corridors and sunless, windowless rooms. This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. South London Healthcare Trust became the first NHS trust to go bust in the summer of 2012, having found itself on the hook for huge PFI costs. [20] The inspection report stated "People who use the service can be assured that they will be provided with respect, dignity and privacy by the staff during their stay in hospital. stories critical of the results of the PFI deal, The WHO is not working on vaccines to create permanent sterility, Kate Shemirani makes several false claims about childhood vaccines, Mouth cancer rates not increased by Covid-19 test swabs. Pamela joined PFI as Finance Manager in 2020. It hosts the Norwich GP speciality training scheme. Jodie is responsible for the asset management of a portfolio of PFI's properties. Revealed: How shareholders of PFI firm are making millions from cash-strapped Norfolk and Norwich University Hospital Health By Tom Bristow The N&N under construction in July 2001 (l). The Norfolk and Norwich University Hospital (NNUH) is a large National Health Service academic teaching hospital in the Norwich Research Park on the western outskirts of Norwich, England. This meant the hospital had no right to receive any proceeds from the refinancing at all, let alone the 29% share it eventually secured. 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.' Golf Clients . The new Neom city in Saudi Arabia has announced a floating industrial district that will house a hyperscale data center. He was until recently a member of Buddle Findlay's board for seven years. Professor Pollock tells me that contracts have to be made transparent in order to be scrutinised. This is clearly beneficial for patients and reduces the risk of transmission of infections. Privacy, terms and conditions. Event Calendar; PFI Annual Conference. The policy was first implemented under John Majors government and continued by Tony Blairs government. The proposed variation to the PFI contract is to . It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. [4] The Norfolk and Norwich University Hospitals NHS Foundation Trust pays the private PFI Octagon consortium in the region of 41 million a year. Tom works with both the Finance and Property teams on a wide variety of analytical tasks. Rodrigo holds a property degree from Lincoln University and has over 12 years of experience, with the last five years specialising in the management of syndicated properties across New Zealand. Prior to joining PFI, Tom spent time working in various Analyst roles at Turners Group and Heartland Bank; most recently coming from a gap year working in Japan. Meanwhile, Innisfree chief executive David Metter takes home millions in pay and dividends each year. Company website; Company jobs; . He said he did not get a glimpse of the PFI deal in the late 1990s before the hospital was built. None of the firms involved in Octagon responded to our requests for comment. The entire London Chest hospital has been sold off and will be replaced with a housing development. Picture: Archant, about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it. Anthony's other directorships include Arvida Group Limited. 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 !!! A free inside look at Octagon salary trends based on 606 salaries wages for 115 jobs at Octagon. Director, PFI and PVC (since 2023) Trustee, PDSRA and PETF (since 2023) . Providing technical leadership to grow the teams capability. Photo: Stefan Rousseau/PA Wire (Image: The Press Association). (712) 466-2473. Chief executive and founder of Innisfree David Metter which is the joint biggest shareholder in Octagon. 15 Galway Street
Bad information ruins lives. Dr. William Thornton, the first architect of the U.S. Capitol, designed the house and gave the growing federal city a grand home to help build Washington's reputation. Director Risk (EHSQ) Management Mar 2000 - Jan 201413 years. Collectively our team has over 120 years of property experience, andthe key individuals have extensive experience in the ownership, management and development of industrial property. The unit is set to increase capacity at the Norfolk and Norwich University Hospital by 25pc.[8]. Norfolk and Norwich University Hospitals NHS Foundation Trust Arthur South Day Procedure Unit entrance Under the PFI, a private sector consortium builds and maintains the building and then leases it back to the public sector. 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. From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). Sav joined the PFI team as Property Manager in early 2022. 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. ALDWYCH CONSULTING LTD. BN25, ENG. The report noted that the consortium was receiving an over 80 million pound windfall from the deal, and the National Audit Office said that the windfall was the third it had uncovered after complaints from MPs and the public. Simon was appointed as Chief Executive Officer of PFI in January 2019. Notice Details. For Professional Investors only. 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. 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. I wanted to ignore them, dismiss them as conspiracy theorists, but surely the renewed interest in an old article and these emails were linked? Press Association corrects error in reporting on research for prostate cancer test. Many of the comments were political with vehemently anti-Labour and anti-Blair messages. Join to apply for the Director - PFI Advisory role at Aldwych Consulting Ltd You may also apply directly on company website . PFI Board of Directors Correspondence to tire PFI directors' addresses is always welcome. So, we have to do that. Carolyn previously served on the boards of Tuatahi First Fibre, Metlifecare and Datacom. Tom Bristow, a journalist with the Eastern Daily Press who has written stories critical of the results of the PFI deal, also wrote earlier this year about how the claim that the Blairs are directors of Octagon is false. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity. You deserve better. MPs on the public accounts committee say Octagon used a refinancing deal of the Norfolk and Norwich PFI (Private Finance Initiative) hospital project to boost the investors' return by a gigantic 153 million, and to increase the liability of the hospital trust to 257 million if it needed to terminate the contract early. Please click on the names below to learn more about the PFI team. Furthermore, the catch-all of commercial confidentiality has erected a firewall. 'When it was first proposed, Frank Dobson (the then health secretary) told us it was signed, sealed, delivered. 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. The Trust told senior doctors, "We would like you to know that the trust will support you in making difficult decisions that may be the least unsafe decision, and we would appreciate your cooperation over the coming days with this". 2003: The hospital 'refinances' its PFI deal with Octagon. It seemed too good to be true yet those who dared to question the orthodoxy du jour were swatted away. Increasing every year firms involved in Octagon responded to our requests for comment to pay Octagon off by the. 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