Those ads you do see are predominantly from local businesses promoting local services. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. Thanks to Bytemark for donating our web hosting. The hospital's hands are closely bound when it comes to making 22m of cuts this financial year and getting closer to budget. 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. There is little mention of the N&N or Octagon in its annual reprt. The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. You can read more about thisand find out how to report Facebook contenthere. Directors should identify why the Ethical Sales and Marketing The chief executive and founder of Innisfree, David Metter, appeared in the Sunday Times rich list in 2013 with an estimated worth of 80m, made from investments in a number of PFI projects. Editors' Code of Practice. To look at it another way, a quick calculation reveals that the outstanding PFI payments would cover the pay for all the nurses, full-time consultants and GPs for 10 years. Luke joined PFI as Property Manager in 2019 and was promoted to Senior Property Manager in 2022. Pamela works closely with the Property team and other members of the Finance team of PFI. Norwich South MP Clive Lewis said: 'Successive governments' decisions to use PFI was like signing up for the worst credit card deal on the comparison site.' He said he would also be writing to Octagon. ASSISTANT DIRECTOR OF ESTATES AND FACILITIES: FACILITIES MANAGEMENT*. PFI, it could be said, underlines that austerity is a political choice rather than a necessity. Same goals than PFI-TT. It means a private sector consortium, Octagon, builds and maintains the hospital and then leases it back to the NHS at the cost of tens of millions of pounds a year to the taxpayer. Barts Health eventually ran into financial dire straits and was put into special measures by the Care Quality Commission in 2015. 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. The Norfolk and Norwich University Hospital has been visited by a number of notable people in public life; On this Wikipedia the language links are at the top of the page across from the article title. This is to boot the PFI robbers out of the NHS, along with the rest of the private sector. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. Madeline Serpico US Chief Executive Officer-Multinational Clients. 30kvr 60kvr 90kvr 120kvr 150kvr 190kvr 200kvr 250kvr 300kvr 380kvr -600kvr PFi Panel Board BD. [2] The hospital is a teaching centre for nurses (adult and children's), midwives, doctors, radiographers, therapists and operating department practitioners. The NHS is on its knees. But anyone who reads our article, can see it is based on facts which do not support the misinformation being spread on Facebook. The unit is set to increase capacity at the Norfolk and Norwich University Hospital by 25pc.[8]. Board of Directors Pfizer's Board of Directors is responsible for the oversight of management, including the overall strategic direction of the company, and for the company's policies on governance, executive compensation and compliance. The key individuals have extensive experience in the . Please click on the names below to learn more about the PFI team. because Tony and Cherie Blair are not directors of Octagon Healthcare. All Simon Woodhams Craig Peirce Ewan Cameron Sarah Beale Anthony Beverley David Thomson Greg Reidy Chair of our Compensation . She is also a Chartered Accountant (South Africa). Salaries posted anonymously by Octagon employees. Sav joined the PFI team as Property Manager in early 2022. Meanwhile, Innisfree chief executive David Metter takes home millions in pay and dividends each year. All 100% Facts = Google them. False information has been spread by thousands of people on Facebook, wrongly linking the Blairs to the company behind the PFI contract at the NNUH. Octagon Brazil. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. Its glistening blue tower is emblematic of an ultra-modern 21st-century NHS. [21], In March 2014 the N&N, Norfolk's biggest hospital, marked two years of being MRSA free. Our verdict The hospital was built using a PFI. The past month has seen the demise of construction giant Carillion followed by the collapse of Capitas market value: both firms having built huge empires by providing outsourced services to public authorities. A Daily Telegraph investigation flagged up several egregious examples but this one really stood out: one hospital was charged 52,000 for a job which should have cost 750. 3 It has found that government does . For the purposes of that scheme, weve rated this claim as partly false Notice Details. The new Neom city in Saudi Arabia has announced a floating industrial district that will house a hyperscale data center. Apply for Director - PFI Consultancy job with Arcadis in London, Greater London, United Kingdom. . "[11], In 2006/07, the trust projected a savings target of 14.8 million but recorded a surplus of 867,000 by the end of the same financial year. Poonam Muttreja. None of the firms involved in Octagon responded to our requests for comment. Job in Hove - England - UK , BN3. Apr 23, 2020 Happy St George's Day to Palestinians, English, Georgians, Serbs, Portuguese, Maltese and Lithuanians everywhere who share his named day! Angela is an experienced director and executive in property investment and commercial developments. Sincerely, Erwin Gianchandani Assistant Director [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. However, it suggests that privately financed hospitals are potentially anticipating something else the expansion of private healthcare. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity. 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. As the voice of U.S. pet food makers for more than 60 years, we provide factual information about pet food and treat safety, nutrition, and health to pet . Pamela joined PFI as Finance Manager in 2020. Associate Director of Estates new Lewisham and Greenwich NHS Trust 3.7 London SE13 Genevieve (Gen) joined PFI as Office Administrator in 2022. . To save the NHS we must go forward to a workers government. The hospital was built using a PFI. The estimated additional pay is $34,101 per year. Pembinaan PFI Sdn. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. If you are dissatisfied with the response provided you can The hospital opened in 2001 under a deal called a Private Finance Initiative (PFI). The N&N investment is small in its portfolio but its latest report states Octagon 'continues to perform well financially'. PFI CAPITAL LIMITED (09498729) Company status Active Correspondence address Unit 5 Orion Trading Estate, Tenax Road, Trafford Park, Manchester, Greater Manchester, England, M17 1JT Role Active. The hospital under construction at Colney in 2001. How to Dismantle the NHS in 10 Easy Steps by Youssef El-Gingihy is published by Zero Books, Join thought-provoking conversations, follow other Independent readers and see their replies. All 100%. Prior to joining PFI, she held roles in hospitality, retail and travel. 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. One recurring theme in all this and in many of the financial scandals following the 2007-08 crash has been the clean bill of health given by auditors to firms that subsequently found themselves in trouble. The domino effect has shades of the 2007-08 financial crisis even though it is clearly not of the same magnitude. Beyond seemingly populist rhetoric, the real story of PFI reveals that RBS alongside other global banks, notably HSBC, were instrumental in what Sir Howard has effectively labelled a great heist. These adverts enable local businesses to get in front of their target audience the local community. The Blairite Third Way would somehow square the circle by delivering new schools, hospitals, roads, railways and prisons without the debt or inefficiency of the public sector. Prior to that, Rodrigo was involved in the management of a nationwide government property portfolio and worked in commercial management within the aerospace industry in Germany. The original cost of the project was 1.1bn. has the same accountability of Pembinaan BLT Sdn. Copyright 2010-2023 Full Fact. There have been 47 refinancings of hospital, school and other PFI projects up to the end of the last financial year. An active participant in setting PFI's overall financial strategy, the finance director will also lead all financial administration, budgeting, financial reporting, fiscal grant management and financial policies and controls maintenance. This site is part of Newsquest's audited local newspaper network. [19], In 2011, a Care Quality Commission inspection found that the hospital was in the moderate concern category with regards to nutritional screening. North Norfolk MP and former health minister Norman Lamb said the profits made by Octagon were a 'disgrace'. Do Rishi Sunaks claims about hospital discharge funding stack up? Up and down the country, this is the slick, corporate sheen of PFI hospitals. "The PFI would like to congratulate Tracey Forfa on being named the new director of the FDA's CVM," said Dana Brooks, president and chief executive officer of PFI. She astutely points out the great irony that PFI was once hailed as the largest NHS hospital-building programme; in fact it is likely to end up becoming the largest hospital closure programme. Level 4, Hayman Kronfeld Building It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. Bad information ruins lives. It meant 33.9m of funds would be released to the hospital, but the minimum repayment term was extend from 30 to 35 years, meaning it could not get out of the contract and payments to Octagon until 2037 at the earliest. Norwich South MP Clive Lewis. This figure may certainly prove to be questionable. It was paid 42.5m last year by the N&N up from 29m in 2010. A Department of Health spokesperson said: 'We provide advice and consultancy on PFIs to individual trusts across the country, making savings on their current contracts.'. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. A free inside look at Octagon salary trends based on 606 salaries wages for 115 jobs at Octagon. Philip Green, the long-serving chairman, is named, as are Alison Horner (once head of Tesco's Asia division), Andrew Dougal and Ceri Powell. Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998 from a press conference in Tokyo - they started work the very next day !!! Mr Prices post has had 3,500 shares and more than 500 comments, mainly insulting the Blairs. Ian Gibson, who was Norwich North MP at the time the hospital was built in 2001, went a step further 'I just wouldn't pay it,' he said. Octagon is owned by three shareholders called Innisfree (which owns 36.84pc), 3i Infrastructure Seeds Assets Ltd (which also holds 36.84pc) and Semperian (which owns 26.32pc). Full-Time. Read more about our Board of Directors here. We have also tried to contact Octagon's director. Today's report draws on a survey of public authorities managing PFI contracts, 2 who are largely local bodies such as NHS trusts and local authorities. Poonam Muttreja is the executive director of the Population Foundation of India. Collectively our team has over 120 years of property experience, andthe key individuals have extensive experience in the ownership, management and development of industrial property. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. Focused on multidisciplinary, multi-organizational teams. About PFI. PFI-RP grants are up to $550,000 over 36 months. In 1997 it appeared to be New Labours magical solution to chronic underinvestment in public services in the wake of Thatcherism. 1998: Labour government announces a new hospital for Norwich. . Furthermore, the Government is pushing through Accountable Care Organisations (ACO), a form of PPP based on an American model of healthcare. 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. It comes to making 22m of cuts this financial year down the country, this is the slick, sheen.: Labour government announces a new hospital for Norwich part of our.... Not and have never been directors of Octagon Healthcare made by Octagon were to. Appeared to be new Labours magical solution to chronic underinvestment in public services in the wake of Thatcherism false,... It suggests that privately financed hospitals are potentially anticipating something else the expansion of private Healthcare Loudwater... 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