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Integrated clothing project update.(News)

On December 16, 2004 the Panel's previous progress report advised that the Treasury had decided not to support the Integrated Clothing Project with PFI credits. Since then the Panel noted that the ODPM have made it clear to officers that they are keen to see the project proceed as a national project and that they are exploring options for alternative funding. Although the local government procurement, the 4ps (Public Private Partnerships Programme) continues to support the project fully as a PFI project, the Treasury have made it dear that, as a policy decision, they will not provide any support to the project if it was signed as a PFI arrangement (whether or not this was supported by PFI credits) nor if it is simply 'badged' in a different way. …

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