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. Greg is also director of Reidy & Co Limited. The Pet Food Institute and our members, who make the vast majority of all U.S. pet food and treat products, are committed to helping dogs and cats live long and healthy lives. (712) 4S8-2001. This meant the hospital had no right to receive any proceeds from the refinancing at all, let alone the 29% share it eventually secured. But why does it then wrongly name the Blairs as company directors? 2023 PFI Annual Conference; 2022 PFI Annual Conference; 2021 PFI Annual Conference; 2020 VirtuallyPFI Online Conference; 2019 PFI Annual Conference Photos Banking leviathan HSBC also has a stake in PFI hospitals. Start your Independent Premium subscription today. [6], It is one of a small number of Accident and Emergency departments to benefit from Pearson Lloyd's redesign - 'A Better A&E' - which reduced aggression against hospital staff by 50 per cent. We have also tried to contact Octagon's director. Ethical Sales and Marketing District 1 (Northwest): Ken Wise, 3566 280th St., Lytton, lA 50561-7574. The hospital under construction at Colney in 2001. That 20m would pay the wages of 800 nurses, or 200 GPs. This is to boot the PFI robbers out of the NHS, along with the rest of the private sector. 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. contact the editor here. She is a graduate of Auckland University where she completed a Property Degree and Diploma of Business (Finance). Defense Agency Overview. Find Octagon Salaries by Job Title 81 Octagon employees have shared their salaries on CareerBliss. 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.' That this is completely unacceptable and has to be dealt with is obvious. For a golden period, Gordon Browns apparent vanquishment of boom and bust kept any problems in check. She previously held a variety of roles across property finance, risk, compliance and governance in the banking sector. Browse and apply for the Consulting jobs at Arcadis 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. 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. 1158683) and a non-profit company (no. Apr 23, 2020 Happy St George's Day to Palestinians, English, Georgians, Serbs, Portuguese, Maltese and Lithuanians everywhere who share his named day! Craig joined McDougall Reidy & Co Limited (MRC) as Chief Financial Officer and Company Secretary of MRC and Direct Property Fund (DPF)in 2009. The hospital opened in 2001 under a deal called a Private Finance Initiative (PFI). Focused on multidisciplinary, multi-organizational teams. But before you get angry about something youve seen on Facebook, before you share or comment, please take a moment and check it out from a verified news site. All 100%. The contract is due to run until 2037. You deserve better. Our verdict The hospital was built using a PFI. But when the financial crisis was followed by the diktats of austerity, PFI began to unravel. inaccuracy or intrusion, then please 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. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. For PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes in the form of historical nancial information. Nicked from a FB Friend, he wrote, before sharing that same false information. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. contact IPSO here, 2001-2023. These have seen rates of return, double, treble and even quadruple. Salaries posted anonymously by Octagon employees. Poonam Muttreja is the executive director of the Population Foundation of India. This website and associated newspapers adhere to the Independent Press Standards Organisation's 'A significant proportion of the Trust's expenditure is relatively fixed through PFI costs and mandated staffing levels. Angela recently joined PFIs Board in February 2023. 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. Board of Directors; Open Architecture; Collective Intelligence; Corporate Governance; Supplier Management; Menu Search. Facebook shows people information which is the most liked or shared not which is the most accurate. Previously, Angela held a number of senior positions over a 10-year period with Foodstuffs Auckland and Foodstuffs North Island, most recently being General Manager Property Development for Foodstuffs North Island. 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 . These adverts enable local businesses to get in front of their target audience the local community. Nick joined PFI in 2018 as a Senior Analyst and was promoted to Financial Planning & Analysis Manager in 2020. It promotes hate, damages peoples health, and hurts democracy. This year. Shop Similar at WAYFAIR Up to 70% OFF Every Day at Wayfair. Full Fact is a registered charity (no. [2] 'The more patients we treat, the higher the PFI usage fee, on the basis that the services are used more intensively and the buildings require greater maintenance,' a spokesperson for the hospital explained. Sarah works with all parts of the company on a variety of matters including sustainability, risk management, compliance, and company secretarial. She is a graduate of the University of Waikato where she completed her Bachelor of Management Studies with Honours. 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 hospital was built using a PFI. Guess who two of the Company Directors are = Tony and Cherie Blair ! The report noted that the consortium was receiving an over 80 million pound windfall from the deal, and the National Audit Office said that the windfall was the third it had uncovered after complaints from MPs and the public. Luke joined PFI as Property Manager in 2019 and was promoted to Senior Property Manager in 2022. If you wanted to keep it simple then the PFI debt would cover the entire NHS budget for over 2 years. PFI Pellet Wire; Industry Data; Research Partners; Additional Resources; Career Center; Events. Other regulatory action awaits, with ongoing. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. The third shareholder, Semperian, has investments in infrastructure projects and PFIs from hospitals, to schools and roads. Nick is a graduate of the University of Otago where he completed his Bachelor of Commerce majoring in Accounting, and has since gained his CPA Australia designation. 'The whole PFI programme was massively ill-judged,' he said. Corporate and commercial. The other biggest shareholder, 3i, invests in infrastructure projects across the world. She has previously held roles in the property industry. Be seen as the team's 'go to' subject matter expert in relation to PFI. One man even threatened to kill the Blairs because of this untrue post. David advises a wide range of New Zealand and international businesses and significant public-sector clients including Panuku Development Auckland, The University of Auckland, Victoria University of Wellington Te Herenga Waka, and Museum of New Zealand Te Papa Tongarewa. In July 2000 approval was given to extend the Norfolk and Norwich University Hospital with a second phase that included an additional 144 beds and took the project cost to 229 million. Mohammed bin Salman, Crown Prince and Chairman of the Neom Company Board of Directors this week . 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 In October 2018, government announced it would no longer use PFI. (712) 466-2473. I looked further to find the person who originally posted this false information. It later transpired that the process of bringing in PFI had not exactly been transparent. Data returned from the Piano 'meterActive/meterExpired' callback event. The finance director will support the finance department's growth and day-to-day activities by: Director - PFI / PPP Currie & Brown 1991 - 200716 years London, United Kingdom Director responsible for all aspects of consultancy advice in the social infrastructure and real estate sectors.. [3] Site work started the following day (12 January 1998). Sincerely, Erwin Gianchandani Assistant Director All 100% Facts = Google them.. 'Why doesn't the government stand up and say, 'we are not going to pay'? Since graduating Auckland University in 2013, Luke has held a variety of roles in, commercial, industrial, retail and residential property management. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. Inevitably, this raises pressing questions as to what kind of resolution might emerge when there are so many entangled vested interests. Director Risk (OSHEQ) & PFI SPC Executive Mar 2000 - Dec 201515 years 10 months Home Based (Oxfordshire) & Leicester Head Office. The process is simple and we do most of the work. The PFI contract was entered into on 8.1.1998 for a duration of 60 years at an estimated value of 144 000 000 GBP with Octagon. Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. 1998: Labour government announces a new hospital for Norwich. Jodie joined PFI as Property Manager in 2012and was promoted to Asset Manager in 2020. 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. All 100% Facts = Google them. 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. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. search. 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. Up until the last sentence, the post is largely based on facts which you can find in old EDP articles, although they have confused some of them. The Norfolk and Norwich University Hospital. Its restructuring entailed redundancies for hundreds of staff and down-banding of others. 2004: Association of Chartered Certified Accountants estimates total cost to NHS of N&N at more than 1 billion, around five times the initial cost of building it. Screens provide live information about how many cases are being handled and the current status of the A&E department. 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. 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. @GMB. in the PFI second . contact IPSO here, 2001-2023. Pfizer Director since 2014. From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). 508/Bl. Chief executive and founder of Innisfree David Metter which is the joint biggest shareholder in Octagon. One is making cuts of 22m, could run out of cash by November and will be 32m in the red this year. The London Underground public-private partnership saw the bankruptcy of private company Metronet, with the Government forced to step in and bring the upgrade back into public hands. Sure enough, there is some evidence of the tide turning. Ewan is responsible for leading the team that manages PFI's property portfolio. For the purposes of that scheme, weve rated this claim as partly false Level 4, Hayman Kronfeld Building Ive been getting some weird emails recently. In fact, this PFI consists of two schemes. Bad information ruins lives. Revealed: How shareholders of PFI firm are making millions from cash-strapped Norfolk and Norwich University Hospital Health By Tom Bristow The N&N under construction in July 2001 (l). The trust has announced they it may have to lose 450 jobs this year. Theragone ailesi Octagon Odun Mangaln gururla sunar!Keyifli ve lezzetli anlarn olmazsa olmaz Octagon odun mangaln hi byle grmediniz!Theragone ailesi. 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. Listed on 2023-02-23. 'This is what it was all about at the beginning,' he said. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. 3 It has found that government does . The earliest post I could find was from May 4 at 6pm from someone called Bob Hunt who mainly posts about Brexit and Muslims on his page. [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. In the same year, Professor Allyson Pollock and colleagues published a paper sounding the alarm over the potentially disastrous consequences of PFI debt and the financialisation of public services. All directors are appointed by shareholders at PFI's annual meeting. Many PFI contracts came with strings attached, facilities maintenance often subcontracted on a long-term basis as part of the deal. In addition to his Managing Director role, Dean was also a director of the public policy think tank The New Zealand Initiative and its predecessor the New Zealand Business Roundtable from 2011 to 2015. 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. Neom is a project aiming to construct a huge new smart city on the Red Sea coast in the northwestern Saudi province of Tabuk. The total bill for NHS PFI hospitals is ultimately projected to rise above 79bn, way in excess of original build costs of 11.4bn. A story I wrote in 2016 about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it, keeps surfacing at the top of my daily web figures for the EDP. [18], In March 2011 several wards in the hospital were closed as a result of an outbreak of the community infection Norovirus. 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. A spokesperson for People vs Barts Health PFI campaign group informs me that nationalisation of the Special Purpose Vehicle would be necessary or perhaps even outright termination of the contracts. Listing for: ALDWYCH CONSULTING LTD. Full Time position. Photo: Stefan Rousseau/PA Wire (Image: The Press Association). All directors are appointed by shareholders at PFIs annual meeting. Naturally, there are very serious concerns about jobs. Starting salary from 53,353 per annum, dependant on skills and experience, with an annual Posted 7 days ago Director of Estates and Facilities Royal Cornwall Hospitals NHS Trust 3.6 Truro Permanent Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, PFI debt for the British taxpayer is more than 300bn for infrastructure projects, with a value of 54.7bn. This reduces the scope of savings initiatives,' it said. Notice Details. The PFI director mentors National Guard or Reserve Service Members in the program to . And why are they asking about it now? Michael has held a variety of roles within the property industry and is also a member of the Auckland Aces Cricket team. 'The refinancing will release significant resources for the NHS in central Norfolk,' said a press release from the N&N at the time. Greg has a background in property investment, funds management and development with more than 25 years experience in the management, ownership and development of industrial, commercial, build to rent residential and retail property. Semperian Executive Emma Lancaster Managing Director of Assurance Services Becky Brunt Managing Director of Business Support Alan Birch Chief Executive Officer Andrew Rhodes Deputy Chief Executive Jonathan Simpson Chief Finance Officer Gary Brown Chief Operating Officer Richard Little Chief Investment Officer Colin Anderson Group Counsel 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. 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. HP10 9TY. I searched for Tony Blair and Octagon and came across lots of posts all written this month where people had copied and pasted the same false information: 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 !!! 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. The Octagon Center for the Arts is a non-profit community art center in the heart of downtown Ames, Iowa. But there is another way. Innisfree paid 5.8m to its eight directors in 2015, including 3.2m to one unnamed director, according to its financial report. Chair of our Compensation . 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. Further develop the PFI consultancy offering, including the various elements of . The finances of the Norfolk and Norwich University Hospital (N&N) are in stark contrast to those of the firm which was set up to build and maintain it Octagon Healthcare. The ballast sides support your arms while making it easy to fold the chair away when not in use. It promotes hate, damages peoples health, and hurts democracy. 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. If you have a complaint about the editorial content which relates to The board currently has five directors, four of whom are independent directors and one non-executive director. Want to bookmark your favourite articles and stories to read or reference later? Prior to joining PFI, she held roles in hospitality, retail and travel. You can read more about thisand find out how to report Facebook contenthere. Carolyn previously served on the boards of Tuatahi First Fibre, Metlifecare and Datacom. Innisfree a fund management company in the City of London is amongst the biggest players in the PFI market. The News Line is our daily paper. 15 Galway Street Email tom.bristow@archant.co.uk, This website and associated newspapers adhere to the Independent Press Standards Organisation's Philip Green, the long-serving chairman, is named, as are Alison Horner (once head of Tesco's Asia division), Andrew Dougal and Ceri Powell. The other paid out almost 7m to shareholders last year, has just reported a record profit, and turned over 42m last year. Directors should identify why the Now the unheeded prophecies of the Cassandras have come true. North Norfolk MP and former health minister Norman Lamb said the profits made by Octagon were a 'disgrace'. 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. As a result of money released from the refinancing, Octagon paid out 11 million in dividends to its shareholders. Those ads you do see are predominantly from local businesses promoting local services. There are many precedents for renationalising privatised services when it is in the public interest. 'This does limit the opportunities for us to find the savings we need to reduce our financial losses,' a hospital spokesperson said. [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. The consortium which financed NNUH is called Octagon Healthcare. The university hospital replaced the former, Norfolk and Norwich Hospital, which was founded in 1771, and the West Norwich Hospital. . 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. Please click on the names below to learn more about the PFI team. The majority shareholder in Innisfree is Jersey-based Coutts & Co, which in turn is part of the RBS group. 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. 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. And that right was only obtained by taking on huge extra potential liabilities. The Trust is taking a range of measures to deal with this hugely challenging deficit; careful cost control, service redesign, and reducing an overall pay bill that accounts for 60 per cent of our budget. Meanwhile, Innisfree chief executive David Metter takes home millions in pay and dividends each year. He was formerly head of property for AMP Capital Investors (New Zealand) Limited and is a Chartered Fellow of the New Zealand Institute of Directors, a Fellow of the New Zealand Institute of Valuers, a Fellow of the Financial Services Institute of Australasia and a Life member of the Property Institute of New Zealand. He is not. May 8, 2020. At the end of the contract, ownership of the hospital will pass to the NHS. Barts Health eventually ran into financial dire straits and was put into special measures by the Care Quality Commission in 2015. My comment telling them theyve got it wrong, will be lost amid the 500 comments and anyway it is too late. This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. Company website; Company jobs; . A Gannett Company. Ultimately, though, the fiat of government legislation is sufficient to overhaul PFI. The argument went that Labour had inherited public services in such a diabolical state of neglect that there was no alternative to the private financing of whole swathes of infrastructure. Posted on January 29, 2018 The Pet Food Institute (PFI), the voice of dog and cat food makers and whose members make 98 percent of U.S. pet food and treat products, today announced that Dana L. Brooks will assume of the role of president and chief executive officer. Octagon sub-contracts those day-to-day services to Serco. Pembinaan PFI Sdn. [19], In 2011, a Care Quality Commission inspection found that the hospital was in the moderate concern category with regards to nutritional screening. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity. Norwich South MP Clive Lewis. Across the NHS, PFI repayments have contributed to hospital mergers, closures and downgrades. 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. It was a persuasive argument which seduced many. If you are dissatisfied with the response provided you can About Octagon. It is one of the largest hospitals in the United Kingdom in terms of in-patient capacity. It is 'Rented' to the NHS by a private company called PFI Octagon at a cost of over 50m a year until 2037.. Nick works with both the Finance and Property teams on a wide variety of analytical tasks, including budgeting / forecasting and valuations, as well as assisting with the execution of projects and transactions. The hospital is forecast to run a 32m deficit this year and must find savings of at least 22m by March 2017. It seemed too good to be true yet those who dared to question the orthodoxy du jour were swatted away. Bad information ruins lives. 06975984) limited by guarantee and registered in England and Wales. . All investments involve risk, including the possible loss of capital. This figure may certainly prove to be questionable. Photo: Parliament TV (Image: Archant). Picture: Archant (Image: Archant 2018). The Octagon Sports & Entertainment Network (OSEN), within the Interpublic Group (NYSE: IPG), encompasses industry leaders Octagon, R&CPMK, Milkmoney, Futures Sport & Entertainment, FRUKT and No2ndPlace.This formidable family of agencies specializes in sports, entertainment and lifestyle marketing, and public relations for brands, athletes, and celebrities. Copyright 2010-2023 Full Fact. 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. Thanks to Bytemark for donating our web hosting. But at the current rate of payment it would take more than 60 years to clear the debt. This is not some exceptional example of the unacceptable face of capitalism. The hospital is currently in the worst financial state in its history. He is a graduate of Canterbury University where he completed his Bachelor of Commerce majoring in Accounting and Marketing. It has even been described as owning outright three NHS hospitals. The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. The new Neom city in Saudi Arabia has announced a floating industrial district that will house a hyperscale data center. [4] The Norfolk and Norwich University Hospitals NHS Foundation Trust pays the private PFI Octagon consortium in the region of 41 million a year. Its chief executive, Alan Birch, has previousy defended PFIs. Rodrigo joined PFI as Asset Manager in 2020 and was promoted to Asset and Development Manager is 2022. New hospital for Norwich, risk management, compliance and governance in the worst state..., way in excess of original build costs of 11.4bn in hospitality, retail and travel Innisfree fund! Hospital will pass to the board of directors and is also a member the! Of two schemes in excess of original build costs of 11.4bn & Analysis Manager in 2020 overhaul PFI also that... Private sector 50 million a year to rent the hospital will pass to the NHS the... Hospitals in the worst financial state in its history lost amid the comments... At least 22m by March 2017 north Norfolk MP and former health minister Norman Lamb said the profits by. 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