There was an article in last Friday’s Times headlined “Reeves’s plan for growth is built on private cash”. Precisely. The author thought this was a brilliant idea but it could prove to be why the plan will fail — as private capitalists will only put up the cash if they judge there’s a profit in it for them. If not, they won’t.
The incoming Labour government may be able to get things started by offering them a bribe in the form of contracts and subsidies. But this planned crony capitalism won’t be sustainable unless profits are generated at some point.
Here behind a pay wall:
https://www.thetimes.com/business-money/economics/article/rachel-reeves-to-set-out-blueprint-for-building-with-private-cash-jg36jtvdj
Incidentally, the title of this thread is a bit outdated with private capitalists jumping on the bandwagon in the hope of getting a contract, subsidy or knighthood.