The N&N, which is in financial special measures, estimates it is paying Octagon 57m this year. das Americas, 3.434 - Gr. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. The earliest post I could find was from May 4 at 6pm from someone called Bob Hunt who mainly posts about Brexit and Muslims on his page. The argument went that Labour had inherited public services in such a diabolical state of neglect that there was no alternative to the private financing of whole swathes of infrastructure. Those ads you do see are predominantly from local businesses promoting local services. So why do they think this? [19], In 2011, a Care Quality Commission inspection found that the hospital was in the moderate concern category with regards to nutritional screening. In July 2000 approval was given to extend the Norfolk and Norwich University Hospital with a second phase that included an additional 144 beds and took the project cost to 229 million. PFI Panel board bd Power Factor Improvement Panel Board bd . Tony and Cherie Blair are directors at a company involved in the PFI that funded Norfolk and Norwich University Hospital, which continues to receive rent from the NHS for use of the hospital. Thanks to Bytemark for donating our web hosting. ALDWYCH CONSULTING LTD. BN25, ENG. . Since graduating Auckland University in 2013, Luke has held a variety of roles in, commercial, industrial, retail and residential property management. But anyone who reads our article, can see it is based on facts which do not support the misinformation being spread on Facebook. [4] In 2004, the Association of Chartered Certified Accountants assessed the actual costs at 1.16 billion, or around five times the initial cost of 229 million. 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. Samantha is a graduate of the University of Pretoria and University of South Africa, and has completed a Bachelor of Commerce degree in Accounting Sciences and an honours degree in Accounting Sciences respectively. Copyright 2010-2023 Full Fact. https://infogr.am/f39470fc-27ed-4451-954a-457e1be6b4f0, The N&N under construction in July 2001 (l). The estimated additional pay is $34,101 per year. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. Shop Similar at WAYFAIR Up to 70% OFF Every Day at Wayfair. In addition to his Managing Director role, Dean was also a director of the public policy think tank The New Zealand Initiative and its predecessor the New Zealand Business Roundtable from 2011 to 2015. Octagon Board of Directors. Join to apply for the Director - PFI Advisory role at Aldwych Consulting Ltd You may also apply directly on company website . The consortium which financed NNUH is called Octagon Healthcare. A Gannett Company. We believe that if we took no other action to reduce pay and other costs we would need to lose approximately 450 posts during this year. Simply centralising the debt might still mean taxpayers forking out billions as profits for PFI consortia. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. May 8, 2020. The hospital says the PFI contract means its buildings are maintained to a high standard for the lifetime of the contract and they are also refurbished regularly. 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. Leo Benjamin, 17636 Birch Ave., Whiting, lA Sl063. 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 !!! Innisfree paid 5.8m to its eight directors in 2015, including 3.2m to one unnamed director, according to its financial report. Chairman of Imperial College Healthcare Sir Richard Sykes has previously pointed out that Barts Health is paying over 100m in interest a year before they see a single patient. 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. For the purposes of that scheme, weve rated this claim as partly false The Octagon was a suitable home for a president. HP10 9TY. Prior to joining PFI, she held previous roles in customer service and reception. Total Quantity or Scope. This was true as of the year 2017-2018, with payment charge for that year recorded as 59 million. Since I completed my GP training in Tower Hamlets, services have disappeared at an alarming rate. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity. Meanwhile, dividends to Octagon's shareholders were up 35pc last year from just under 5m in 2014 and have increased by 700pc since 2013 when they were 834,000. Registered in England & Wales | 01676637 |. All accounts receivable matters are being handled by Timothy Low in her absence. She is a graduate of Auckland University of Technology where she completed her Bachelor of Laws Degree. September 2003 National cancer director Professor Mike Richards formally opened the 20 million Colney Centre for Oncology and Haematology patients at the Norfolk and Norwich University Hospital. THE Octagon private sector consortium has been branded the unacceptable face of capitalism by a House of Commons committee. contact IPSO here, 2001-2023. Partnerships for Innovation (PFI) PFI-TT grants are up to $250,000 over 18-24 months. Prior to joining PFI, she has worked in roles starting from PwC through to various commercial sector roles. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. Same goals than PFI-TT. Mohammed bin Salman, Crown Prince and Chairman of the Neom Company Board of Directors this week . The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. Professor Pollock tells me that contracts have to be made transparent in order to be scrutinised. I looked further to find the person who originally posted this false information. He is currently a Director of Tainui Group Holdings Limited, Air New Zealand Limited, and Port of Tauranga Limited and is a member of the Executive Board of the Halberg Foundation. He is a graduate of Canterbury University where he completed his Bachelor of Commerce majoring in Accounting and Marketing. Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. 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. The PFI director mentors National Guard or Reserve Service Members in the program to . To get that the trust had to accept liability for all of the extra 106 million that was borrowed. I also wanted to know why they thought the former PM was profiting from the private finance initiative (PFI) deal which funded the NNUHs construction in 2000. Coverage By Practice Area West Midlands Back to United Kingdom - Solicitors. Sav joined the PFI team as Property Manager in early 2022. PFI is an NZX listed property vehicle focused on the industrial sector. For Professional Investors only. Karen O'Donnell Client Director-PFI & Infrastructure Team. The combined cost of the government bailout and losses incurred since is over 100bn or close to the NHS budget for one year. She previously held a variety of roles across property finance, risk, compliance and governance in the banking sector. Photo: Jonathan Brady/PA Wire, The Norfolk and Norwich University Hospital. Ive been getting some weird emails recently. [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. [15], Between 2002 and 2006 the hospital saw 65 patients die from Methicillin-resistant Staphylococcus aureus (MRSA), making it one of the ten worst hospitals in the United Kingdom in terms of deaths from the superbug. Pamela works closely with the Property team and other members of the Finance team of PFI. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. About Octagon. The PFI team are New Zealand's industrial property experts. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. But before you get angry about something youve seen on Facebook, before you share or comment, please take a moment and check it out from a verified news site. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. 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. Nirali is currently on maternity leave until September 2023. ASSISTANT DIRECTOR OF ESTATES AND FACILITIES: FACILITIES MANAGEMENT*. She previously served as a director of Providence Health from 2019-2021, Noora Health from 2018-2021, YWCA of Nashville and Middle Tennessee from 2016-2022, and CARE from 2001-2013. . Bhd. Ewan has a valuation background and is a graduate of both Lincoln and Cambridge University. Quote Tweet. It was a persuasive argument which seduced many. All 100% Facts = Google them.. Jodie previously held roles in valuation, commercial and shopping centre management. The Government cites too the model of Alzira in Spain where a consortium of private companies not only financed and built facilities but also delivered health services. Craig was appointed Chief Financial Officer and Company Secretary of PFI in 2012, and when PFI merged with DPF in 2013, was appointedChief Financial Officer and Company Secretary of the merged entity. Craig has nearly two decades of property industry experience, having previously spent six years in London working in property funds management at LaSalle Investment Management and General Electric Real Estate. Apr 23, 2020 Happy St George's Day to Palestinians, English, Georgians, Serbs, Portuguese, Maltese and Lithuanians everywhere who share his named day! Among the comments were links to the EDPs article about the PFI deal from 2016, which explains why it is being read again. Registered in England & Wales | 01676637 |. All directors are appointed by shareholders at PFI's annual meeting. 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. This figure may certainly prove to be questionable. Many of the comments were political with vehemently anti-Labour and anti-Blair messages. These adverts enable local businesses to get in front of their target audience the local community. Estimates as far back as 2004 predicted taxpayers, through the N&N, will pay Octagon more than 1 billion nearly five times the 229m cost of building and opening the hospital. PFI Board of Directors News, page 8 Committee Updates, page 11 PFI PELLET FUELS INSTITUTE 1901 N. Moore St., Suite 600 Arlington, VA 22209 (703) 522-6778, FAX: (703) 522-0548 www.pelletheat.org 2012 Issue #2 President's Message As we draw closer to the end of summer, a few important Similar schemes across London and the country have been plagued with controversy. The consortium which financed NNUH is called Octagon Healthcare. Prior to joining PFI, Nick spent four years at ASB Bank in various planning, forecasting and analysis roles. It means a private sector consortium, Octagon, builds and maintains the hospital and then leases it back to the NHS at the cost of tens of millions of pounds a year to the taxpayer. 2000: The N&N becomes the first big hospital to be built in the NHS under the Private Finance Initiative (PFI). 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. Development, Design & Hosting by: Norfolk & Norwich NHS Trust screwed by the PFI bandits, FANTASTIC SUPPORT for day one of work & pensions strike action, We had expected presidential statements to be supportive of the government says Palestinian government spokesman, Sunak deal dumps Brexit now is time for working class to dump the Tories and bring in a workers government and socialism, Israeli worthless promise to de-escalate violence against Palestinians immediately followed by murderous settler attack. Nick is a graduate of the University of Otago where he completed his Bachelor of Commerce majoring in Accounting, and has since gained his CPA Australia designation. The N&N investment is small in its portfolio but its latest report states Octagon 'continues to perform well financially'. Lead the charge on the significant opportunities around PFI handbacks. But why does it then wrongly name the Blairs as company directors? It means Octagon's turnover is increasing every year. search. 'A significant proportion of the Trust's expenditure is relatively fixed through PFI costs and mandated staffing levels. The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. Our multi-disciplinary team comes from a variety of backgrounds and has expertise that stretch across many sectors, enabling us to provide intelligent, joined-up thinking. The original cost of the project was 1.1bn. There have been 47 refinancings of hospital, school and other PFI projects up to the end of the last financial year. Sir Howard Davies, chairman of the Royal Bank of Scotland (RBS), recently made an astonishing admission on BBC1s Question Time when he stated that private finance initiatives (PFI) had been a fraud on the people. My comment telling them theyve got it wrong, will be lost amid the 500 comments and anyway it is too late. Its glistening blue tower is emblematic of an ultra-modern 21st-century NHS. The management is saying: There is only one way that this jobs massacre can be lessened. Golf Clients . He was until recently a member of Buddle Findlay's board for seven years. Director - PFI Advisory. The new borrowing was at a lower rate of interest and over a longer period, leaving the hospital committed to lease payments for 39 years instead of the original 34, while Octagon increased its rate of return from 19 per cent to 60 per cent. And it now looks like they might be brought in to administer the last rites. Privacy, terms and conditions. The hospital won the Building Better Healthcare Award[5] for Best Designed Hospital in September 2002. For PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes in the form of historical nancial information. It can be hard to do that when we love to read and believe things which confirm our prejudices. It is 'Rented' to the NHS by a private company called PFI Octagon at a cost of over 50m a year until 2037.. It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. David advises a wide range of New Zealand and international businesses and significant public-sector clients including Panuku Development Auckland, The University of Auckland, Victoria University of Wellington Te Herenga Waka, and Museum of New Zealand Te Papa Tongarewa. Director - PFI Advisory Zeemac Vehicle Acquisition & Fleet ServicesSouth East, South-East District, Botswana Apply Join or sign in to find your next job Join to apply for the Director - PFI. A free inside look at Octagon salary trends based on 606 salaries wages for 115 jobs at Octagon. Chair of our Compensation . Jodie is responsible for the asset management of a portfolio of PFI's properties. Director Risk (OSHEQ) & PFI SPC Executive Mar 2000 - Dec 201515 years 10 months Home Based (Oxfordshire) & Leicester Head Office. This leadership is the WRP. Carolyn has a background in investment management, capital markets and mergers and acquisitions, having spent six years as a portfolio manager at the Guardians of New Zealand Superannuation, and ten years prior to that in investment banking at Forsyth Barr and First NZ Capital / Credit Suisse. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. [4], The hospital was completed in August 2001, five months ahead of schedule, and on budget. The PFI contract was entered into on 8.1.1998 for a duration of 60 years at an estimated value of 144 000 000 GBP with Octagon. I wanted to ignore them, dismiss them as conspiracy theorists, but surely the renewed interest in an old article and these emails were linked? Bad information ruins lives. 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