Velindre – PFI again?

posted in: News | 0

PFI again?

While there has been widespread opposition by the local community to the plans to site the new Velindre Cancer Centre on the Northern Meadows, there has been very little discussion about the proposed funding arrangement. The financing of the new Centre is through the Welsh Government’s Mutual Investment Model (MIM). This will be the first hospital in Wales that is funded through a public- private finance initiative, and sets a precedent in establishing hospitals as private entities, leasing out facilities to the NHS.