The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. About PFI. The Norfolk and Norwich was one of the first hospitals to sign PFI contracts, only to see Octagon refinance the project, increasing its borrowing from 200 million to 306 million. Innisfree a fund management company in the City of London is amongst the biggest players in the PFI market. 1158683) and a non-profit company (no. search. 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. It is paying millions annually to the Octagon company and is in hock to it for the next 39 years. He was until recently a member of Buddle Findlay's board for seven years. Ewan has a valuation background and is a graduate of both Lincoln and Cambridge University. Bad information ruins lives. Total UK PFI debt for the taxpayer is over 300bn for infrastructure projects with a value of 54.7bn. 218 Fax: (314) 735-4118 E-mail: youthclubs@optimist.org or amy.keller@optimist.org Member of the Board of Trustees of the Brookings Institution. To make matters worse for the hospital, the busier it gets, the more it has to pay Octagon and demand on it has soared. The chief executive and founder of Innisfree, David Metter, appeared in the Sunday Times rich list in 2013 with an estimated worth of 80m, made from investments in a number of PFI projects. 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. 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. Whether it's Blair . There are many precedents for renationalising privatised services when it is in the public interest. Director of Refinitiv, a privately-held global provider of financial market data and infrastructure until its acquisition by the London Stock Exchange Group in January 2021. Nick joined PFI in 2018 as a Senior Analyst and was promoted to Financial Planning & Analysis Manager in 2020. Picture: Archant, about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it. If you are dissatisfied with the response provided you can All directors are appointed by shareholders at PFI's annual meeting. Shop Similar at WAYFAIR Up to 70% OFF Every Day at Wayfair. So, we have to do that. All 100% Facts = Google them. 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 NHS is on its knees. Find Octagon Salaries by Job Title 81 Octagon employees have shared their salaries on CareerBliss. Photo: Parliament TV. Vercity also employs talented senior finance experts, comprising finance directors, operations managers, management accountants and financial controllers. 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. As a result of money released from the refinancing, Octagon paid out 11 million in dividends to its shareholders. Start your Independent Premium subscription today. Facebook shows people information which is the most liked or shared not which is the most accurate. The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. Mr Prices post has had 3,500 shares and more than 500 comments, mainly insulting the Blairs. As the voice of U.S. pet food makers for more than 60 years, we provide factual information about pet food and treat safety, nutrition, and health to pet . May 8, 2020. [1] She has more than 35 years of experience in the socio-development sector. The London Underground public-private partnership saw the bankruptcy of private company Metronet, with the Government forced to step in and bring the upgrade back into public hands. The unit is set to increase capacity at the Norfolk and Norwich University Hospital by 25pc.[8]. Listed on 2023-02-23. inaccuracy or intrusion, then please PFI companies are already arming themselves for the prospect of a Corbyn government, as has been recently reported. To save the NHS we must go forward to a workers government. In October 2018, government announced it would no longer use PFI. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. Guiding and overseeing the survey on expiry Review of asset / service data provide by the SPV / PFI service provider/sSupporting future . contact the editor here. ALDWYCH CONSULTING LTD. BN25, ENG. Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. For Professional Investors only. 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. . Press Association corrects error in reporting on research for prostate cancer test. Photo: Archant, Norman Lamb, North Norfolk MP. It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. Angela recently joined PFIs Board in February 2023. 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. '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. Prior to joining PFI, she held roles in hospitality, retail and travel. The consortium which financed NNUH is called Octagon Healthcare. 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 !!! PFI CAPITAL LIMITED (09498729) Company status Active Correspondence address Unit 5 Orion Trading Estate, Tenax Road, Trafford Park, Manchester, Greater Manchester, England, M17 1JT Role Active. 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. Imagine being whipped into such a frenzy by a Facebook post, which you havent even bothered to check the accuracy of. 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. Provide Your Feedback on Law Firms. Octagon Board of Directors. 'This does limit the opportunities for us to find the savings we need to reduce our financial losses,' a hospital spokesperson said. Our verdict The hospital was built using a PFI. The consortium which financed NNUH is called Octagon Healthcare. Director - PFI Advisory Aldwych Consulting Ltd London, England,. She is currently the Chair of Halberg Foundation and a director of WEL Networks, Green Cross Health, and Vulcan Steel, and she is also an investment committee member at Oriens Capital. It has investments in 57 projects, worth 17.3 billion, according to its website. Office Admin Team Interim Executive Director- Kay Guiredirector.pfi@vcn.com Office Manager manager.pfi@vcn.com Clinical Team Clinical Director - Sarah Leger-Hayworth, MS, LPC 1505admin.pfi@vcn.com Counselor - Leslie Mashak MS, LPCleslie.pfi@vcn.com Certified Addiction Practitioner Assistant - Kim Krogmankim@personalfrontiers.org Case Manager/Forensic Peer Specialist - Autumn Rosenau, BAautumn . Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. There are fewer junior doctor offices and overnight rooms. Photo: PA Wire. Those ads you do see are predominantly from local businesses promoting local services. But why does it then wrongly name the Blairs as company directors? c/o B2S Marketing Av. Guess who two of the Company Directors are = Tony and Cherie Blair ! 2003: The hospital 'refinances' its PFI deal with Octagon. District 1 (Northwest): Ken Wise, 3566 280th St., Lytton, lA 50561-7574. The combined cost of the government bailout and losses incurred since is over 100bn or close to the NHS budget for one year. Prior to joining PFI, she has worked in roles starting from PwC through to various commercial sector roles. The Trust is taking a range of measures to deal with this hugely challenging deficit; careful cost control, service redesign, and reducing an overall pay bill that accounts for 60 per cent of our budget. The level of subsequent potential risks and costs borne by the public sector was thought by some critics of the deal to be unacceptably high. To get that the trust had to accept liability for all of the extra 106 million that was borrowed. "[10], The hospital neighbours the constituency of South Norfolk MP Richard Bacon, also a member of the Public Accounts Committee. Chief executive and founder of Innisfree David Metter which is the joint biggest shareholder in Octagon. From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). Sincerely, Erwin Gianchandani Assistant Director Workers Revolutionary Party. Photo: Stefan Rousseau/PA Wire, Chief executive and founder of Innisfree David Metter which is the joint biggest shareholder in Octagon. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. 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. Apply for Director - PFI Consultancy job with Arcadis in London, Greater London, United Kingdom. PFI Panel board bd Power Factor Improvement Panel Board bd . Angela is also a qualified lawyer with significant expertise in environment and property law. 'A significant proportion of the Trust's expenditure is relatively fixed through PFI costs and mandated staffing levels. The Octagon was a suitable home for a president. It later transpired that the process of bringing in PFI had not exactly been transparent. He then practiced law in Wellington and London, before returning to Buddle Findlay in 2000 and becoming a partner of the firm in Auckland in 2002. The Norfolk and Norwich University Hospital was built under the Private Finance Initiative (PFI), and opened in late 2001: it has 1237 acute beds and offers a wide range of NHS acute health services plus private patient facilities. Anthony is a professional director and consultant, consulting to both the private and public sector on a wide variety of property matters. Director - PFI Consultancy. There have been 47 refinancings of hospital, school and other PFI projects up to the end of the last financial year. 1998: Labour government announces a new hospital for Norwich. 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. For the purposes of that scheme, weve rated this claim as partly false @GMB. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. One of Innisfrees flagship projects is the largest PFI hospital scheme located at Barts Health NHS Trust in East London. 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. 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. Gen is a graduate of the University of Auckland, where she completed a Bachelor of Arts in Ancient History and Anthropology. contact the editor here. 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. Completed in 1801, it was a winter residence for an eminent Virginian planter, Colonel John Tayloe III, and his family. Data returned from the Piano 'meterActive/meterExpired' callback event. Posted on January 29, 2018 The Pet Food Institute (PFI), the voice of dog and cat food makers and whose members make 98 percent of U.S. pet food and treat products, today announced that Dana L. Brooks will assume of the role of president and chief executive officer. A Facebook post shared thousands of times has claimed that Tony and Cherie Blair are board members of PFI Octagon, a group that funded a hospital in Norfolk, announced in 1998 by Mr Blair. Octagon has a 60-year contract with the hospital to provide it with those non-clinical services. Be seen as the team's 'go to' subject matter expert in relation to PFI. Octagon sub-contracts those day-to-day services to Serco. 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. Luke is responsible for property management at PFI. Pamela works closely with the Property team and other members of the Finance team of PFI. All you have to do is review . As one comes out of Whitechapel Tube station, the new Royal London hospital certainly looks impressive. It only got a small amount of traction. The way to do this is for all health workers to demand that their unions stop all the job and bed cuts and the ward and hospital closures with industrial action to bring down the Blair government, the sponsor and protector of the PFI and private sector bandits. Job in Hove - England - UK , BN3. Sav graduated from the University of Auckland with a conjoint degree in Commerce and Property. Sure enough, there is some evidence of the tide turning. It is one of the largest hospitals in the United Kingdom in terms of in-patient capacity. A system of environmental signage provides location-specific information for patients. After all, while there have been exceptional cases in which hospitals have bought out PFI contracts this is not feasible for larger PFI deals, such as that involving Barts Health, without the backing of government. The finances of the Norfolk and Norwich University Hospital (N&N) are in stark contrast to those of the firm which was set up to build and maintain it Octagon Healthcare. Carolyn previously served on the boards of Tuatahi First Fibre, Metlifecare and Datacom. Prior to joining PFI, Nick spent four years at ASB Bank in various planning, forecasting and analysis roles. 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. Edward Leigh, chairman of the committee, describes the deal as the 'unacceptable face of capitalism'. North Norfolk MP and former health minister Norman Lamb said the profits made by Octagon were a 'disgrace'. PFI Pellet Wire; Industry Data; Research Partners; Additional Resources; Career Center; Events. Healthcare associated infections and black alerts, Norwich Evening News, p6, 15 September 1998, Norfolk and Norwich University Hospitals NHS Foundation Trust, Association of Chartered Certified Accountants, Commission for Architecture and the Built Environment, Methicillin-resistant Staphylococcus aureus, "Norfolk and Norwich University Hospital", "Private Finance Initiative Norfolk and Norwich University Hospital", "Better Public Building Award finalists, 2002", "A&E department redesign 'cuts aggression by half', "Photo gallery: Royal visitor opens new cancer treatment centre at N&N", "David Metter: Skiing in the Alps, the King of the PFIs who owns 28 hospitals and a motorway", Superbugs MRSA and Clostridium difficile killing record numbers of patients, Hospital put on alert as ambulances stack up, Norfolk and Norwich Hospital told to improve elderly patients nutrition, "Care Quality Commission, Dignity and nutrition for older people Review of compliance", "Graphic: Praise after three Norfolk hospitals pass two years as MRSA free", "Doctors told to use 'least unsafe' option in Norwich hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Keys to new hospital handed over", "Norfolk and Norwich University Hospitals NHS Foundation Trust Prime Minister visits NNUH", "BBC NEWS - UK - England - Loyd Grossman goes on the wards", "Norfolk and Norwich University Hospitals NHS Foundation Trust Harry Potter star's hygiene message", "BBC NEWS - UK - England - Norfolk - New cancer centre opened", "BBC NEWS - UK - England - Norfolk - Queen to open new hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Royal College Praises Emergency Assessment Unit", "Norfolk and Norwich University Hospitals NHS Foundation Trust Health minister to visit NNUH", "Norfolk and Norwich University Hospitals NHS Foundation Trust Official opening of the Norwich Radiology Academy", "Norfolk and Norwich University Hospitals NHS Foundation Trust Esther Rantzen welcomes new care plan for terminally ill", "Norfolk and Norwich University Hospitals NHS Foundation Trust Hospital staff star in TV series Kingdom", "Norfolk and Norwich University Hospitals NHS Foundation Trust Bishop of Thetford to visit renal patients at NNUH", Norfolk and Norwich University Hospital NHS Foundation, Royal London Hospital for Integrated Medicine, National Hospital for Neurology and Neurosurgery, University College at Westmoreland Street, Walton Centre for Neurology & Neurosurgery, Royal National Hospital for Rheumatic Diseases, Robert Jones and Agnes Hunt Orthopaedic Hospital, School of Art History and World Art Studies, https://en.wikipedia.org/w/index.php?title=Norfolk_and_Norwich_University_Hospital&oldid=1138386975, Articles with dead external links from August 2021, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Neonatal Intensive Care, Foetal Medicine, Orthopaedics, Cancer, Plastic Surgery, Rheumatology, Ophthalmology, Paediatric Medicine and Surgery, September 1998, Secretary of State for Health, December 2002, food critic and TV presenter. Full Fact fights for good, reliable information in the media, online, and in politics. The hospital opened in 2001 under a deal called a Private Finance Initiative (PFI). Barts Health eventually ran into financial dire straits and was put into special measures by the Care Quality Commission in 2015. Listing for: ALDWYCH CONSULTING LTD. Full Time position. Director, PFI and PVC (since 2023) Trustee, PDSRA and PETF (since 2023) . It was paid 42.5m last year by the N&N up from 29m in 2010. 06975984) limited by guarantee and registered in England and Wales. The way out of the PFI crisis for the government and the management of the Norfolk and Norwich is to attack the workforce and to attack patient care. The hospital was reportedly the biggest built using a PFI contract at the time. Photo: Jonathan Brady/PA Wire, The Norfolk and Norwich University Hospital. This page was last edited on 9 February 2023, at 11:41. [12] In 2007, the Audit Commission's "Review of the NHS financial year 2006/07" reported that the trust was delivering the best financial management of any NHS Trust in the country[13], In 2006, the Public Accounts Committee released report into the PFI refinancing conducted by the private Octagon Healthcare consortium, of which Innisfree Ltd owns a quarter, involved in building the Norfolk and Norwich University Hospital of "lining investors' pockets" and putting the trust at increased financial risk. PFIs are complex, financial instruments and the answers to how they might be brought to heel or cancelled need to be carefully thought out. Its restructuring entailed redundancies for hundreds of staff and down-banding of others. 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. 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. 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. He is not. Our verdict The hospital was built using a PFI. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. Bhd. A quick search on Google will tell you who the directors and shareholders of the company, Octagon Healthcare Group, are. Octagon Brazil. Level 4, Hayman Kronfeld Building
Constantin H. Beier . She astutely points out the great irony that PFI was once hailed as the largest NHS hospital-building programme; in fact it is likely to end up becoming the largest hospital closure programme. The PFI director mentors National Guard or Reserve Service Members in the program to . The hospital was built using a PFI. The Octagon Center for the Arts is a non-profit community art center in the heart of downtown Ames, Iowa. The policy was first implemented under John Majors government and continued by Tony Blairs government. PFI-RP grants are up to $550,000 over 36 months. One man even threatened to kill the Blairs because of this untrue post. Sav joined the PFI team as Property Manager in early 2022. Rodrigo is responsible for the asset management of a portfolio of PFIs properties as well as major capital projects within the portfolio. Paid 42.5m last year by the SPV / PFI service provider/sSupporting future valuation background and is responsible for the of... 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