Value Capture: A Valid Means of Funding PPPs?

Ciaran Connolly, Anthony Wall

Research output: Contribution to journalArticle

7 Citations (Scopus)


This paper considers the use of value capture (VC) as a means of financing public-private partnerships (PPPs) in the United Kingdom (UK). Although some VC techniques are used in the UK, they are employed more widely in the United States of America. After considering the traditional approach to financing UK PPPs, this paper describes the main VC finance instruments. The findings of a series of case studies are then presented and conclusions drawn. While VC financing may prove unpopular with those bearing the cost of infrastructure improvements, it is recommended that such instruments are considered by UK policy makers.
Original languageEnglish
Pages (from-to)157-178
JournalFinancial Accountability and Management
Issue number2
Publication statusAccepted/In press - 1 Nov 2014



  • infrastructure improvements
  • public-private partnerships
  • value capture.

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