Government plans to divert hundreds of millions of pounds earmarked for PFI projects have raised questions over the future of the £2bn emergency bail-out unit set up to help struggling PFI deals just three months ago.rnOf the £1.5bn package to stimulate the housing market announced this week, nearly £lbn will be raised from "re-prioritisation and underspend" in other government departments. However, Building understands that the bulk of this money - at least £200m from the schoolsrndepartment and £350m from the department for transport - is funding formerly set aside to bail out struggling PFI schemes. It emerged this week that without the cash injection the government would have been on course to build just over 45,000 social homes next year, compared to a target of 70,000 (see page 19).
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