Local MSP for the Linlithgow Constituency, Fiona Hyslop, highlights PFI ‘buy back’ expense for Tippethill in West Lothian.
Tippethill House Hospital has been operating as one of Private Finance Initiative (PFI) contracts with ‘buy back’ clauses established by the previous UK Labour Government when Tony Blair was Prime Minister. The controversial financing option meant the upfront cost of building public buildings such as schools and hospitals was covered by the private sector in return for repayments which were to cover the cost of building and maintaining the sites. However, at the end of the repayment period some buildings such as Tippethill still required the public purse to buy them back if the operators in this case NHS Lothian/ West Lothian Council through the West Lothian Health and Social Care Partnership wanted to own them outright. Commenting Fiona said: “Tippethill House Hospital in Armadale, in my Constituency, is operated…