Does Public–Private Partnership Approach Offer an Effective Solution to the U.K. Steel Industry?

Abstract

This article explores the use of public–private partnerships (PPP) as a strategy for underpinning business competitiveness and considers whether the application of PPP in the United Kingdom can be extended beyond infrastructure provision to enhancing strategic industries’ competitiveness. The article examines how PPP can contribute a robust solution to the U.K. steel industry, which is facing difficult challenges. Given the United Kingdom’s wealth of experience in implementing PPP, the article suggests that PPP can offer the U.K. steel industry and the government a platform for jointly participating in shaping a long-term strategy for the industry. The author introduces a new model for implementing PPP as an approach for enhancing the competitiveness of the U.K. steel industry.

TOPICS: Project finance, other real assets, developed, legal/regulatory/public policy