NHS Local Improvement Finance Trusts: Forty-seventh Report of Session 2005-06; Report, Together with Formal Minutes, Oral and Written Evidence
The Stationery Office, 4 jul. 2006 - 50 pagina's
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 £711 million and the average cost of a building was £5 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.
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able Accounts actually affordability agreement analysis areas asked authorities Bacon benefits bidders Board C&AG's Report central Centre Chairman Coates Committee compared comparison concern contract cost demonstrate Department of Health Dr Kohli East effective enabling evaluation example expected facilities figures Finance funding future going Greg Clark Improvement initiative interest investment involved issues John Jon Trickett Kitty Ussher Leahy lease LIFT buildings LIFT schemes LIFTCO established London look million models National Audit Office Newham operational paragraph Partnerships for Health Partnerships UK patients practice premises Primary Care Trusts private sector procurement projects public sector question range recommendation reference rent rental Report risk stage Strategic studies subsidies Table tenants things third party development value for money