PFI schools built in Scotland owned by offshore firms

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An hour-long BBC television ‘Scotland Investigates’ programme on 22 August revealed evidence by Dexter Whitfield that over 80% of Scotland’s PFI schools are partly or wholly owned in offshore tax havens. The programme investigated the cause of the closure of 17 Edinburgh schools for repairs after construction defaults were found. Equity in this project had been sold 13 times. Part of the interview was on the BBC Television National 6.00pm news and was the lead item on the Scottish News. http://www.bbc.com/news/uk-scotland-37135611 A detailed ESSU Research Report on secondary market infrastructure funds will be published shortly.

BBC Press Release

Other media coverage

The Herald Scotland Revealed: more than 200 Scottish school PFI schemes ‘owned by offshore investment funds’ http://www.heraldscotland.com/news/education/14698208.Revealed__more_than_200_ Scottish_school_PFI_schemes__owned_by_offshore_investment_funds_/

The Courier Every PFI school in Tayside has tax haven links https://www.thecourier.co.uk/fp/news/politics/scottish-politics/274811/every-p fi- school-in-tayside-has-tax-haven-links/

The Times Offshore trusts have stake in 200 PFI schools http://www.thetimes.co.uk/article/offshore-trusts-have-stake-in-200-pfi-school s- hsnj0mn9h?t=ie

International Business Times Many Scottish PFI schools now owned by offshore funds http://www.ibtimes.co.uk/many-scottish-pfi-schools-now-owned-by-offshore-funds - 1577361#

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This document was created by Dexter Whitfield on 2016-08-28 08:56:31.
This document was last modified by Dexter Whitfield on 2016-08-28 12:14:17.
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