South Ayrshire paying £10m PFI bill

The Government Expenditure and Revenue Scotland figures released last month have revealed PFI payments are shown to have risen to £1 billion per year in scotland for the first time.

The SNP has called on Labour and the Liberal Democrats to apologise for their actions whilst in administration in Scotland.

Figures showed that unitary charge payments related to PFI projects rose to £1.004 billion in 2015/16 – up from £969 billion in the previous year – and are still rising.

Ayr, Carrick and Cumnock MP Corri Wilson said: “Due to the last Labour administration, South Ayrshire Council are paying £10.5m each year under a PFI deal negotiated by the Conservative administration in 2006.

“This money could build Ayrshire residents a new school outright every year it is in payment.”

“Thankfully, we have learned the lessons of the PFI disasters of the past. Government backed direct borrowing is always much cheaper than borrowing from the international markets, and with interest rates at an all-time low, it really is time for the Westminster Government to release the purse strings for a massive infrastructure programme. This will deliver value for money investment, create jobs and help stimulate growth.

“This would see money filter down to Ayrshire, allowing local authorities to better deliver major house and school building programmes for the improvement of all of our communities.”