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Sweett speeds PFI investment exit

Sweett Group has continued the sale of its PFI investments by offloading its stake in Lift Investments for £700,000.

The 19 per cent stake was sold to JV UK Company Limited as Sweett focuses on reinvesting in its “core business operations”.

Sweett’s chief executive officer told CN earlier this month that the firm will withdraw from PFI investments but continue providing services to PFI schemes.

Dean Webster’s comments followed delays to the sale of two UK schools projects which were due to bring in earnings of about £2m.

 

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