NHS Local Improvement Finance Trusts

NHS Local Improvement Finance Trusts

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The Department of Health launched the Local Improvement Finance Trust (LIFT) in 2000 to address long-standing under-investment in primary care facilities. It is a form of Public-Private Partnership with a national joint venture, Partnerships in Health, that oversees and invests in it. The total capital value of the first tranche of buildings was Ap711 million and the average cost of a building was Ap5 million. 90% of the capital is provided by debt and the properties are owned by the LIFTCo, with income being generated by rent payments from tenants such as GPs, Primary Care Trust, pharmacies and the local authority. This report examines whether the programme has been implemented effectively.Mr Coates: However, we do accept your point that there is this perception that as you develop one area it seems to suck resources in out of other areas. All we can say is that there is record funding going into the NHS and over time these things will equalise. ... I think the Report notes that inevitably a lot of hard work was put into place to get the LIFTCOs established in individual areas and to get theanbsp;...

Title:NHS Local Improvement Finance Trusts
Author:Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher:The Stationery Office - 2006


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