Public Private Partnerships

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Summary

Public private partnerships (or PPPs) are, as the name suggests, a partnership between a public agency such as the government or local council and private business. The broad purpose of such a partnership is the supply of public services, such as health care, education, roads and—in Bonnyrigg’s case—affordable housing. While there is no one model of PPP, they normally involve the private sector providing capital to build a facility, such as a hospital or school, which the government or council agrees to either fund the operation of, or pay rent for its use, for an extended period of 25 or more years. The investors get a more or less guaranteed return on their investment, and the government gets a facility or service without having to spend money up-front.