All directors are appointed by shareholders at PFIs annual meeting. Gen provides day-to-day administration and general support for the wider office. The entire London Chest hospital has been sold off and will be replaced with a housing development. On 11 January 1998, Prime Minister Tony Blair announced the go-ahead for the construction of a 214 million, 809 bed, new hospital in a broadcast from Tokyo on the BBC's Breakfast with Frost show. A cornerstone of the cultural scene in Ames since 1966, the Octagon serves more than 30,000 people each year through art classes and outreach, rotating exhibits, a retail gallery shop, and the annual Octagon . Please click on the names below to learn more about the PFI team. Director - PFI Consultancy. September 2003 National cancer director Professor Mike Richards formally opened the 20 million Colney Centre for Oncology and Haematology patients at the Norfolk and Norwich University Hospital. It is Rented to the NHS by a private company called PFI Octagon at a cost of over 50 million a year until 2037.Guess who two of the Company Directors are = Tony and Cherie Blair !. Listing for: ALDWYCH CONSULTING LTD. Full Time position. Full Fact fights for good, reliable information in the media, online, and in politics. Copyright 2010-2023 Full Fact. It was a persuasive argument which seduced many. Those ads you do see are predominantly from local businesses promoting local services. Picture: Archant (Image: Archant 2018). She is a graduate of the University of Waikato where she completed her Bachelor of Management Studies with Honours. He is currently a Director of Tainui Group Holdings Limited, Air New Zealand Limited, and Port of Tauranga Limited and is a member of the Executive Board of the Halberg Foundation. "[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. She is a graduate of Auckland University of Technology where she completed her Bachelor of Laws Degree. During that time, he took Freightways through several ownership changes and by the end of his time as Managing Director, the company had achieved significant growth resulting in a market capitalisation of $1.2 billion. It was later privatised with the shares sold off to financial institutions including Barclays, HSBC and RBS. . The hospital was reportedly the biggest built using a PFI contract at the time. 'A significant proportion of the Trust's expenditure is relatively fixed through PFI costs and mandated staffing levels. The hospital under construction at Colney in 2001. As reported in Saturday's EDP, it has had to put expansion plans to its A&E on hold because of a lack of cash. Full Fact fights for good, reliable information in the media, online, and in politics. NNUH was the first new NHS teaching hospital built in England for more than 30 years and the hospital trust is a partner with the University of East Anglia in the delivery of courses. 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. To make matters worse for the hospital, the busier it gets, the more it has to pay Octagon and demand on it has soared. Focused on multidisciplinary, multi-organizational teams. Prior to joining, Ewan spent 13 years working in various roles in property, asset and fund management in the United Kingdom, the last nine in Edinburgh where he worked managing and acquiring a diverse range of property for a large property trust. According to our data, the highest paying job at Octagon is a VP of Human Resources at $145,000 annually while the lowest paying job at Octagon is an Account Coordinator at $12,000 annually. inaccuracy or intrusion, then please It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. 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. 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. Sincerely, Erwin Gianchandani Assistant Director Shalini is a graduate of the University of the South Pacific having completed a double major Bachelor of Arts degree in Accounting & Financial Management and Economics. This was true as of the year 2017-2018, with payment charge for that year recorded as 59 million. This website and associated newspapers adhere to the Independent Press Standards Organisation's Be seen as the team's 'go to' subject matter expert in relation to PFI. has the same accountability of Pembinaan BLT Sdn. 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). Of course, PFI was not always a toxic brand. Email tom.bristow@archant.co.uk, This website and associated newspapers adhere to the Independent Press Standards Organisation's Craig has nearly two decades of property industry experience, having previously spent six years in London working in property funds management at LaSalle Investment Management and General Electric Real Estate. Prior to joining PFI, Tom spent time working in various Analyst roles at Turners Group and Heartland Bank; most recently coming from a gap year working in Japan. It promotes hate, damages peoples health, and hurts democracy. As a subscriber, you are shown 80% less display advertising when reading our articles. No wonder! The unit is set to increase capacity at the Norfolk and Norwich University Hospital by 25pc.[8]. If you are dissatisfied with the response provided you can Prior to joining PFI, she has held roles at public accounting firms, and has worked in roles in the insurance industry, specialising in financial reporting and analytics. Facebook shows people information which is the most liked or shared not which is the most accurate. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity. In fact, this PFI consists of two schemes. A quick search on Google will tell you who the directors and shareholders of the company, Octagon Healthcare Group, are. My comment telling them theyve got it wrong, will be lost amid the 500 comments and anyway it is too late. Leo Benjamin, 17636 Birch Ave., Whiting, lA Sl063. Dr. William Thornton, the first architect of the U.S. Capitol, designed the house and gave the growing federal city a grand home to help build Washington's reputation. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. Octagon is simply fulfilling a contract which was agreed to by the hospital, but concerns have been raised about how much money it is getting. Jesus Soriano, Program Director, pfi@nsf.gov, (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov, (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov, (703) 292-7529 Sincerely, Erwin Gianchandani Assistant Director Directorate for Technology, Innovation, and Partnerships REFERENCES 1 https://www.nature.com/articles/d41586-021-03045-w Same goals than PFI-TT. That includes 20.7m in operating expenses and 29m in non-operating expenses the lease, interest and financing the debt to Octagon. Press Association corrects error in reporting on research for prostate cancer test. Similar schemes across London and the country have been plagued with controversy. Up and down the country, this is the slick, corporate sheen of PFI hospitals. A Gannett Company. As a result, only specific contractors are allowed to change or fix certain equipment or fittings, such as a plug socket or a light bulb. Data returned from the Piano 'meterActive/meterExpired' callback event. because Tony and Cherie Blair are not directors of Octagon Healthcare. SPIN is a good thing, she does not say from government, just mixed messaging. [16] In 2006 an outbreak of a community-acquired infection Methicillin-resistant Staphylococcus Aureus on the neonatal intensive care unit at the hospital, resulted in five babies carrying the organism and possibly contributing to the death of one baby. From a 5m surplus in 2013/14, the N&N reported its first deficit in 2014/15 of almost 10m followed by a 21m deficit last year. It is to be pay cuts, ultra flexibility, and out of hours unpaid overtime, plus sending patients home early, plus compulsory redundancies. Jeremy Corbyn hailed the potential halt of the Lendlease scheme as a victory for municipal socialism, with top-down progressive leadership combining with bottom-up local campaigning to deliver a rare victory for citizens over what are often deemed to be unaccountable corporate interests. 218 Fax: (314) 735-4118 E-mail: youthclubs@optimist.org or amy.keller@optimist.org Registered in England & Wales | 01676637 |. This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. Innisfree has made a fortune by investing in PFIs across the UK. In 1997 it appeared to be New Labours magical solution to chronic underinvestment in public services in the wake of Thatcherism. On the contrary, the Naylor Review a report recommending the disposal of NHS land and assets to generate investment is rehabilitating PPP. contact the editor here. 'Otherwise you are stuck with it for years and years.' Guess who two of the Company Directors are = Tony and Cherie Blair ! Job in Hove - England - UK , BN3. 15 Galway Street Innisfree paid 5.8m to its eight directors in 2015, including 3.2m to one unnamed director, according to its financial report. It means Octagon's turnover is increasing every year. It is one of the largest hospitals in the United Kingdom in terms of in-patient capacity. 3 It has found that government does . And why are they asking about it now? All you have to do is review . Office Admin Team Interim Executive Director- Kay Guiredirector.pfi@vcn.com Office Manager manager.pfi@vcn.com Clinical Team Clinical Director - Sarah Leger-Hayworth, MS, LPC 1505admin.pfi@vcn.com Counselor - Leslie Mashak MS, LPCleslie.pfi@vcn.com Certified Addiction Practitioner Assistant - Kim Krogmankim@personalfrontiers.org Case Manager/Forensic Peer Specialist - Autumn Rosenau, BAautumn . Jordon Trishton Walker, Pfizer Director of Research and Development, Strategic Operations - mRNA Scientific Planner: "One of the things we're exploring is like, why don't we just mutate it [COVID] ourselves so we could create -- preemptively develop new vaccines, right? Apply for Director - PFI Consultancy job with Arcadis in London, Greater London, United Kingdom. The original cost of the project was 1.1bn. Chairman of Imperial College Healthcare Sir Richard Sykes has previously pointed out that Barts Health is paying over 100m in interest a year before they see a single patient. 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 . The activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting Guiding and overseeing the 'survey on expiry' This material is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of . It later transpired that the process of bringing in PFI had not exactly been transparent. 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. Indeed, the National Audit Office has recommended that the Government should have the power to cancel contracts which are not providing value for money. In October 2018, government announced it would no longer use PFI. She previously served as a director of Providence Health from 2019-2021, Noora Health from 2018-2021, YWCA of Nashville and Middle Tennessee from 2016-2022, and CARE from 2001-2013. . To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity, Find your bookmarks in your Independent Premium section, under my profile. Estimates as far back as 2004 predicted taxpayers, through the N&N, will pay Octagon more than 1 billion nearly five times the 229m cost of building and opening the hospital. THE Octagon private sector consortium has been branded the unacceptable face of capitalism by a House of Commons committee. 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. It is Rented to the NHS by a private company called PFI Octagon at a cost of over 50 million a year until 2037.Guess who two of the Company Directors are = Tony and Cherie Blair !. The Norfolk and Norwich University Hospital was also highly commended in the Commission for Architecture and the Built Environment Prime Minister's Better Public Building Award in 2002. Thanks to Bytemark for donating our web hosting. Norfolk and Norwich Hospital had no spare beds, the accident and emergency department was full, 35 patients waited for admission on trolleys, and the hospital had declared a major internal incident. The PFI director mentors National Guard or Reserve Service Members in the program to . The proposed variation to the PFI contract . All this has thrown up searching questions, not least around staff redundancies and pensions, bailouts, inflated dividends and executive remuneration. The consortium which financed NNUH is called Octagon Healthcare. She has previously held roles in the property industry. Do Rishi Sunaks claims about hospital discharge funding stack up? Karen O'Donnell Client Director-PFI & Infrastructure Team. However, we observed that some improvements were needed". Editors' Code of Practice. Whats more, PFI payments have been indexed higher with each successive year regardless of a hospitals revenue. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. Theragone ailesi Octagon Odun Mangaln gururla sunar!Keyifli ve lezzetli anlarn olmazsa olmaz Octagon odun mangaln hi byle grmediniz!Theragone ailesi. MPs on the public accounts committee say Octagon used a refinancing deal of the Norfolk and Norwich PFI (Private Finance Initiative) hospital project to boost the investors return by a gigantic 153 million, and to increase the liability of the hospital trust to 257 million if it needed to terminate the contract early. 'The refinancing will release significant resources for the NHS in central Norfolk,' said a press release from the N&N at the time. Prior to joining PFI, Nick spent four years at ASB Bank in various planning, forecasting and analysis roles. Jesus Soriano, Program Director, pfi@nsf.gov, (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov, (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov, (703) 292-7529 Sincerely, Erwin Gianchandani Assistant Director Directorate for Technology, Innovation, and Partnerships REFERENCES 1 https://www.nature.com/articles/d41586-021-03045-w Prior to joining PFI, she has held roles in various industries including the private equity industry in London and shopping centres portfolio in New Zealand. And that right was only obtained by taking on huge extra potential liabilities. 1158683) and a non-profit company (no. [15], Between 2002 and 2006 the hospital saw 65 patients die from Methicillin-resistant Staphylococcus aureus (MRSA), making it one of the ten worst hospitals in the United Kingdom in terms of deaths from the superbug. Picture: Archant, about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it. Edward Leigh, chairman of the committee, describes the deal as the 'unacceptable face of capitalism'. The university hospital replaced the former, Norfolk and Norwich Hospital, which was founded in 1771, and the West Norwich Hospital. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Bhd, a wholly-owned subsidiary of Ministry of Finance (MoF) which is formed in line with the 9MP. Other regulatory action awaits, with ongoing. One man even threatened to kill the Blairs because of this untrue post. Jesus Soriano, Program Director, pfi@nsf.gov; (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov; (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov; (703) 292-7035 For questions, please refer to the cognizant PFI Program Directors listed above. 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. Project team: Anshen & Allen (Architect) John Laing plc (Main contractor) WSP Group (Structural Engineer) Hoare Lea (Services Engineer) Serco (Maintenance/support services) The hospital was completed in August 2001, five months ahead of schedule, and on budget. There are currently over 700 PFI contracts and the bulk will start to expire from 2025. It seemed too good to be true yet those who dared to question the orthodoxy du jour were swatted away. Tony Blair and Gordon Brown saw Private Finance Initiatives as a way to deliver infrastructure projects without huge capital expenditure, The British construction and outsourcing firm announced its immediate liquidation on 15 January, HSBC was among those banks instrumental in what the RBS chairman has effectively labelled a great heist, Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, This is what Private Finance Initiatives are and how they work, The great PFI heist: How big banks took over UK plc, How to Dismantle the NHS in 10 Easy Steps, Extra 20% off selected fashion and sportswear at Very, Up to 20% off and extra perks with Booking.com Genius membership, $6 off a $50+ order with this AliExpress discount code, 15% off selected items using this eBay discount code, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK February 2023, Compare iPhone contract deals and get the best offer this February, Compare the best mobile phone deals from the top networks and brands. Director since 2012, last re-elected May 2021. Jodie joined PFI as Property Manager in 2012and was promoted to Asset Manager in 2020. The hospital won the Building Better Healthcare Award[5] for Best Designed Hospital in September 2002. All directors are appointed by shareholders at PFI's annual meeting. Then at 8pm someone copied and posted the same false information which Mr Hunt had written and it rapidly spread. There are fewer junior doctor offices and overnight rooms. Listed on 2023-02-23. But anyone who reads our article, can see it is based on facts which do not support the misinformation being spread on Facebook. It is 'Rented' to the NHS by a private company called PFI Octagon at a cost of over 50m a year until 2037.. . The unacceptable face of capitalism. Privacy, terms and conditions. The hospital is part of the Norfolk and Norwich University Hospitals NHS Foundation Trust. The hospital was built using a PFI. Sav joined the PFI team as Property Manager in early 2022. Board of Directors; Open Architecture; Collective Intelligence; Corporate Governance; Supplier Management; Menu Search. Amy Keller, Director of JOOI 4494 Lindell Blvd. South London Healthcare Trust became the first NHS trust to go bust in the summer of 2012, having found itself on the hook for huge PFI costs. . because Tony and Cherie Blair are not directors of Octagon Healthcare. Director Risk (EHSQ) Management Mar 2000 - Jan 201413 years. Pembinaan PFI Sdn. The proposed variation to the PFI contract is to . There must be a new leadership to carry this struggle forward. Sav graduated from the University of Auckland with a conjoint degree in Commerce and Property. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. The way to deal with their claims for financial liability is to nationalise them under workers control without compensation. That person was called Ken Price. Bad information ruins lives. Rodrigo joined PFI as Asset Manager in 2020 and was promoted to Asset and Development Manager is 2022. From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). Corporate and commercial: Birmingham Shop Similar at WAYFAIR Up to 70% OFF Every Day at Wayfair. We believe that if we took no other action to reduce pay and other costs we would need to lose approximately 450 posts during this year. Our verdict The hospital was built using a PFI. When hospitals are so full that there are no intensive care beds, no hospital beds at all, and essential operations are being cancelled because there's simply no one to do the surgery, then every option carries undue risk".[23]. The hospital says the PFI contract means its buildings are maintained to a high standard for the lifetime of the contract and they are also refurbished regularly. I was against it in principle,' he said. Good Morning Britain. [4] In 2004, the Association of Chartered Certified Accountants assessed the actual costs at 1.16 billion, or around five times the initial cost of 229 million. He then practiced law in Wellington and London, before returning to Buddle Findlay in 2000 and becoming a partner of the firm in Auckland in 2002. He said that, in his opinion, 'every penny of profit that leaves our NHS to go to the shareholders of companies like Octagon could instead be used on patient care'. It is 'Rented' to the NHS by a private company called PFI Octagon at a cost of over 50m a year until 2037.. [18], In March 2011 several wards in the hospital were closed as a result of an outbreak of the community infection Norovirus. However, it is not true that Tony or Cherie Blair are, or have ever been, directors of the companies that make up the Octagon Healthcare Group. PFI Board of Directors Correspondence to tire PFI directors' addresses is always welcome. Pamela joined PFI as Finance Manager in 2020. 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. He was until recently a member of Buddle Findlay's board for seven years. The combined cost of the government bailout and losses incurred since is over 100bn or close to the NHS budget for one year. 30kvr 60kvr 90kvr 120kvr 150kvr 190kvr 200kvr 250kvr 300kvr 380kvr -600kvr PFi Panel Board BD. Tom is a graduate of Victoria University of Wellington where he completed a Bachelor of Commerce majoring in Finance and Philosophy. The third shareholder, Semperian, has investments in infrastructure projects and PFIs from hospitals, to schools and roads. Norfolk and Norwich University Hospitals NHS Foundation Trust Arthur South Day Procedure Unit entrance The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. The management is saying: There is only one way that this jobs massacre can be lessened. Managing Director, Octagon Financial Services Talent + Properties Simone Errey Managing Director Marketing Australia James Logan Head of Client Services Marketing UK Marianne Rotole Executive Vice President, Client Services Marketing North America Ross Chouler Head of U.S. A free inside look at Octagon salary trends based on 606 salaries wages for 115 jobs at Octagon. 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. Ruins of the company directors are appointed by shareholders at PFI & # x27 ; Donnell Client &. Bulk will start to expire from 2025 Odun Mangaln gururla sunar! Keyifli ve lezzetli anlarn olmazsa olmaz Octagon Mangaln., BN3 called Octagon Healthcare the orthodoxy du jour were swatted away promoting! 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