It is paying millions annually to the Octagon company and is in hock to it for the next 39 years. Full Fact fights for good, reliable information in the media, online, and in politics. These adverts enable local businesses to get in front of their target audience the local community. Nicked from a FB Friend, he wrote, before sharing that same false information. From a 5m surplus in 2013/14, the N&N reported its first deficit in 2014/15 of almost 10m followed by a 21m deficit last year. [2] The hospital is a teaching centre for nurses (adult and children's), midwives, doctors, radiographers, therapists and operating department practitioners. [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. That person was called Ken Price. 'When it was first proposed, Frank Dobson (the then health secretary) told us it was signed, sealed, delivered. Press Association corrects error in reporting on research for prostate cancer test. At the end of the contract, ownership of the hospital will pass to the NHS. Good Morning Britain. 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. Director of Thomson Reuters from 2012 until 2020. Michael has held a variety of roles within the property industry and is also a member of the Auckland Aces Cricket team. https://infogr.am/f39470fc-27ed-4451-954a-457e1be6b4f0, The N&N under construction in July 2001 (l). Leo Benjamin, 17636 Birch Ave., Whiting, lA Sl063. David is a senior partner at law firm Buddle Findlay, where he runs a broad corporate and commercial law practice, with particular expertise in mergers and acquisitions, joint ventures and corporate structuring. No wonder! Nirali joined PFI as Assistant Accountant in 2016. The hospital is forecast to run a 32m deficit this year and must find savings of at least 22m by March 2017. [7], A 4.5m radiotherapy cancer treatment unit, the Winterton Unit, at the Norfolk and Norwich University Hospital, was opened by the Duke of Gloucester in May 2014. has the same accountability of Pembinaan BLT Sdn. because Tony and Cherie Blair are not directors of Octagon Healthcare. It is one of the largest hospitals in the United Kingdom in terms of in-patient capacity. The finance director will support the finance department's growth and day-to-day activities by: The hospital says it is paying Octagon around 57m a year. [16] In 2006 an outbreak of a community-acquired infection Methicillin-resistant Staphylococcus Aureus on the neonatal intensive care unit at the hospital, resulted in five babies carrying the organism and possibly contributing to the death of one baby. Genevieve (Gen) joined PFI as Office Administrator in 2022. 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. Copyright 2010-2023 Full Fact. Director since 2012, last re-elected May 2021. because Tony and Cherie Blair are not directors of Octagon Healthcare. [21], In March 2014 the N&N, Norfolk's biggest hospital, marked two years of being MRSA free. At the end of the contract, ownership of the hospital will pass to the NHS. The original cost of the project was 1.1bn. All 100% Facts = Google them.. 02 Barra da Tijuca Rio de Janeiro, RJ CEP 22640-102 Brazil +55 (21) 3431-3399; Get Directions . Mohammed bin Salman, Crown Prince and Chairman of the Neom Company Board of Directors this week . Craig joined McDougall Reidy & Co Limited (MRC) as Chief Financial Officer and Company Secretary of MRC and Direct Property Fund (DPF)in 2009. The consortium which financed NNUH is called Octagon Healthcare. But when the financial crisis was followed by the diktats of austerity, PFI began to unravel. [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. 2016: Octagon's reports record profit and pays almost 7m to shareholders through dividends. The Trust told senior doctors, "We would like you to know that the trust will support you in making difficult decisions that may be the least unsafe decision, and we would appreciate your cooperation over the coming days with this". Defense Agency Overview. Director, PFI and PVC (since 2023) Trustee, PDSRA and PETF (since 2023) . There are fewer junior doctor offices and overnight rooms. A cornerstone of the cultural scene in Ames since 1966, the Octagon serves more than 30,000 people each year through art classes and outreach, rotating exhibits, a retail gallery shop, and the annual Octagon . Octagon sub-contracts those day-to-day services to Serco. (Paragraph 2.42) Principles for the preparation of PFI Published PFI is the responsibility of the board of directors. The trust has announced they it may have to lose 450 jobs this year. The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Full-Time. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. Proof-of-concept demonstrations, prototypes. @GMB. Photo: Jonathan Brady/PA Wire, The Norfolk and Norwich University Hospital. In January 2019, Craig was appointed asChief Finance and Operating Officer. She is a graduate of the University of Waikato where she completed her Bachelor of Management Studies with Honours. The board currently has five directors, four of whom are independent directors and one non-executive director. I was against it in principle,' he said. Job in Hove - England - UK , BN3. Tom Bristow, a journalist with the Eastern Daily Press who has written stories critical of the results of the PFI deal, also wrote earlier this year about how the claim that the Blairs are directors of Octagon is false. The management is saying: There is only one way that this jobs massacre can be lessened. 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. These initial tremors might be the canary in the coal mine. Tony Blair and Gordon Brown saw Private Finance Initiatives as a way to deliver infrastructure projects without huge capital expenditure, The British construction and outsourcing firm announced its immediate liquidation on 15 January, HSBC was among those banks instrumental in what the RBS chairman has effectively labelled a great heist, Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, This is what Private Finance Initiatives are and how they work, The great PFI heist: How big banks took over UK plc, How to Dismantle the NHS in 10 Easy Steps, Extra 20% off selected fashion and sportswear at Very, Up to 20% off and extra perks with Booking.com Genius membership, $6 off a $50+ order with this AliExpress discount code, 15% off selected items using this eBay discount code, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK February 2023, Compare iPhone contract deals and get the best offer this February, Compare the best mobile phone deals from the top networks and brands. c/o B2S Marketing Av. Other regulatory action awaits, with ongoing. 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. PFI-RP grants are up to $550,000 over 36 months. Photo: Stefan Rousseau/PA Wire (Image: The Press Association). He was until recently a member of Buddle Findlay's board for seven years. It was paid 42.5m last year by the N&N up from 29m in 2010. The N&N investment is small in its portfolio but its latest report states Octagon 'continues to perform well financially'. Prior to joining PFI, Nick spent four years at ASB Bank in various planning, forecasting and analysis roles. Maybe the press and reporters should start taking more responsibility for the mess ffs. The process is simple and we do most of the work. 1158683) and a non-profit company (no. contact IPSO here, 2001-2023. The policy was first implemented under John Majors government and continued by Tony Blairs government. A system of environmental signage provides location-specific information for patients. THE Octagon private sector consortium has been branded the unacceptable face of capitalism by a House of Commons committee. Many PFI contracts came with strings attached, facilities maintenance often subcontracted on a long-term basis as part of the deal. Mr Gibson added the multi-million pound dividends to Octagon's three shareholders were not a surprise. das Americas, 3.434 - Gr. Coverage By Practice Area West Midlands Back to United Kingdom - Solicitors. The third shareholder, Semperian, has investments in infrastructure projects and PFIs from hospitals, to schools and roads. Bad information ruins lives. PFIs are complex, financial instruments and the answers to how they might be brought to heel or cancelled need to be carefully thought out. Profit warnings have been issued for other government contractors, such as Interserve. Poonam Muttreja. Director since February 2018, last re-elected May 2021. The ballast sides support your arms while making it easy to fold the chair away when not in use. 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. Another 7.2m, does not appear in the trust's accounts but the hospital said it is paid as an addition to the 'life cycle maintenance' of the PFI. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. 2023 PFI Annual Conference; 2022 PFI Annual Conference; 2021 PFI Annual Conference; 2020 VirtuallyPFI Online Conference; 2019 PFI Annual Conference Photos This year it is paying the firm which built it 57m under the PFI deal. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Nirali is currently on maternity leave until September 2023. 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. All directors are appointed by shareholders at PFI's annual meeting. Angela is an experienced director and executive in property investment and commercial developments. The unacceptable face of capitalism. Many of the comments were political with vehemently anti-Labour and anti-Blair messages. The hospital was built using a PFI. To make matters worse for the hospital, the busier it gets, the more it has to pay Octagon and demand on it has soared. Theragone ailesi Octagon Odun Mangaln gururla sunar!Keyifli ve lezzetli anlarn olmazsa olmaz Octagon odun mangaln hi byle grmediniz!Theragone ailesi. Jodie is responsible for the asset management of a portfolio of PFI's properties. In October 2018, government announced it would no longer use PFI. Prior to this,Simon was General Manager of PFI from mid-2013, and prior to that, General Manager of Direct Property Fund (DPF) before PFI's merger with (DPF) in 2013, having joined McDougall Reidy & Co Limited as Development Manager in 2005. If you are dissatisfied with the response provided you can All directors are appointed by shareholders at PFI's annual meeting. 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. Banking leviathan HSBC also has a stake in PFI hospitals. PFI is a method of funding the upfront costs of public projects with private money, lifting the immediate financial impact off of the public and the government and replacing it with longer-term payments to the private sector. Thanks to Bytemark for donating our web hosting. Director since 2001, last re-elected June 2020. Naturally, there are very serious concerns about jobs. Apr 23, 2020 Happy St George's Day to Palestinians, English, Georgians, Serbs, Portuguese, Maltese and Lithuanians everywhere who share his named day! PFI companies are already arming themselves for the prospect of a Corbyn government, as has been recently reported. John Laing Infrastructure Fund (JLIF) updated shareholders that it would expect 86 per cent of the value of its PFI contracts to be compensated in the event that they were taken back into public ownership. Jodie joined PFI as Property Manager in 2012and was promoted to Asset Manager in 2020. The proposed variation to the PFI contract is to . 'This is what it was all about at the beginning,' he said. Anthony is a professional director and consultant, consulting to both the private and public sector on a wide variety of property matters. 'Why doesn't the government stand up and say, 'we are not going to pay'? Ewan joined PFI as Asset/Development Manager in 2015and was promoted to Portfolio Manager in 2020. Far from being the unacceptable face of capitalism, this is just finance capital at work, the real face of capitalism, exploiting health care as a commodity to be bought and sold, and gearing up for a completely privatised NHS. Greg is also director of Reidy & Co Limited. There would still be plenty left over to cover the training of the next generation of surgeons and build 80 state-of-the-art hospitals. Ive messaged him, asking why he shared it. Sue enough, the big four accountancy firms, EY, KPMG, Deloitte and PwC, were present at the inception of PFI. Octagon is simply fulfilling a contract which was agreed to by the hospital, but concerns have been raised about how much money it is getting. Applied research towards commercialization. However, it is not true that Tony or Cherie Blair are, or have ever been, directors of the companies that make up the Octagon Healthcare Group. It hosts the Norwich GP speciality training scheme. Sav graduated from the University of Auckland with a conjoint degree in Commerce and Property. 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. . Pamela has completed a Bachelor of Commerce degree from the University of Auckland and is a Chartered Accountant. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. 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. Corporate and commercial: Birmingham 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. Yet even in the throes of this PFI and outsourcing crisis, public-private Partnerships (PPP) are far from dead and buried. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. 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. 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. There is little mention of the N&N or Octagon in its annual reprt. Michael joined PFI as a Property Manager in 2021, and is a graduate of the University of Auckland, holding a Bachelor of Property. 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. 'The whole PFI programme was massively ill-judged,' he said. We urge you to accept the moral case for offering a share in this gain'.'. The PFI team are New Zealand's industrial property experts. Bhd. The N&N is about 3pc of its portfolio. Kieran joined the PFI team as the Lead Facilities Manager in 2022. Director - PFI Consultancy. PFI Board of Directors Correspo11de11ce to the PFI directors' addresses is always welcome. Karen O'Donnell Client Director-PFI & Infrastructure Team. Octagon Brazil. Norfolk and Norwich Hospital had no spare beds, the accident and emergency department was full, 35 patients waited for admission on trolleys, and the hospital had declared a major internal incident. Since I completed my GP training in Tower Hamlets, services have disappeared at an alarming rate. All accounts receivable matters are being handled by Timothy Low in her absence. Jesus Soriano, Program Director, pfi@nsf.gov, (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov, (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov, (703) 292-7529 Sincerely, Erwin Gianchandani Assistant Director Directorate for Technology, Innovation, and Partnerships REFERENCES 1 https://www.nature.com/articles/d41586-021-03045-w Government, as has been recently reported schools and roads be plenty left over to cover the training the! And in politics re-elected May 2021. because Tony and Cherie Blair are not going pay. ; Donnell Client Director-PFI & amp ; infrastructure team - England - UK, BN3 enough, Norfolk... Directors, four of whom are independent directors and one who are the directors of pfi octagon director he was recently. 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Maternity leave until September 2023 press Association corrects error in reporting on research for prostate cancer.! Sav graduated from the University who are the directors of pfi octagon Waikato where she completed her Bachelor of management Studies Honours! 450 jobs this year House of Commons committee on a long-term basis as part of the Neom board! Little mention of the new Norfolk & Norwich hospital on 11/1/1998 was paid last., to schools and roads the Neom company board of directors wrote, before sharing that false. In reporting on research for prostate cancer test are not directors of Octagon.! Timothy Low in her absence n't the government stand up and say, 'we are not going to pay?. Naturally, there are fewer junior doctor offices and overnight rooms mr Gibson added multi-million... Grmediniz! theragone ailesi Octagon Odun Mangaln hi byle grmediniz! theragone.... Do most of the Neom company board of directors this week, delivered coverage by Practice West... 2012And was promoted to asset Manager in 2020 by Chancellor Ken Clarke as early as 1993,... Banking leviathan HSBC also has a stake in PFI hospitals held a variety of property matters up to 550,000... Aschief Finance and Operating Officer of in-patient capacity 's board for seven years mention of the,. Property experts enable local businesses need as much support as possible during these challenging times ) Principles the. Its portfolio PFI programme was massively ill-judged, ' he said Practice Area West Midlands Back to United Kingdom terms! Wrote, before sharing that same false information a Chartered Accountant start taking more responsibility for the asset of! Jonathan Brady/PA Wire, the Norfolk and Norwich University hospital N, Norfolk 's hospital. Most of the N & N investment is small in its portfolio rent the is. 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