The document summarizes a seminar on public-private partnerships (PPPs) given by Charles Lloyd of HM Treasury. It discusses the decline in PFI transaction volume in 2008/09 due to the credit crunch. It outlines Treasury's position of encouraging the use of the Treasury Infrastructure Fund (TIFU) as a potential source of liquidity for projects facing finance delays. It also discusses broader issues and responses regarding PPPs and other developments including accounting changes and the creation of Infrastructure UK.