Public–Private Partnerships in the U.K.
Post-E.U. Referendum

Abstract

The surprise vote to exit the European single market has set the United Kingdom on a new trajectory. It accentuated the need to tackle long-term weaknesses and ensure a more dynamic economy post exit from the European Union. Consequently, the government introduced a number of measures, including a £500 billion infrastructure investment program, to boost productivity and long-term economic performance. This article reflects on public–private partnerships as a system of procurement of infrastructure services in the United Kingdom and examines the likely impact of the U.K.’s exit from the European Union on PPP going forward.

TOPICS: Project finance, legal/regulatory/public policy, developed