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Home > News room > News archive > 2004 > News archive - 2004 News archive - 2004
ExcellCare signs £35m South Derby LIFT projectFriday, December 03, 2004 ExcellCare Ltd, a joint venture between Equion and the Bank of Scotland, has signed a £35m public private sector partnership contract with the Department of Health, through Partnerships for Health, to deliver front-line health and social care facilities for Southern Derbyshire. The agreement will be delivered under the Local Improvement Finance Trust (LIFT) initiative. ExcellCare will initially build and maintain eight developments across Southern Derbyshire that will deliver significant improvements to the range, quality and accessibility of local services. These include:
Equion FM will be managing the hard FM services for this and existing ExcellCare projects. Financial close has been reached on three of these schemes with a construction value of approximately £13 million. The further five schemes are expected to reach financial close in the next six months with estimated construction costs of £22 million. Public sector participants in the Southern Derbyshire LIFT include five Southern Derbyshire Primary Care Trusts, Derbyshire Mental Health Services Trust, Derby City Council and Derbyshire County Council. ExcellCare Chief Executive, Alan Prigmore, said: “In bringing forward designs for the first eight schemes, a key priority has been to ensure that the developments are flexible and adaptable to future service requirements. Over the next 20 years, we look forward to developing plans for further schemes and continuing our investment in local infrastructure through Southern Derbyshire LiftCo. ExcellCare will also be looking to build on its track-record in the LIFT sector by identifying further investment opportunities nationwide, within the fourth wave of schemes.” Brian Ibell Project Director for LIFT and public sector representative on the Southern Derbyshire LIFTCo board said: “In partnership with all our health and social care partners, this agreement is seen as a major step forward in the regeneration of health and social care related premises and in modernising the delivery of the patient services. The LIFT agreement, when considered in conjunction with the development of the new acute hospital and the substantial investment in the Derbyshire Royal Infirmary to support community care, will promote a further range of quality developments in our local communities. Over the next few years Southern Derbyshire will reflect a health care model that will be an example for health and social care agencies to follow. John Hutton MP, Minster for Health said: "The work that is just beginning in Southern Derbyshire will focus on delivering better clinical and social care in an environment where the needs of the patient come first. Enhancing primary and social care is the very essence of what we are trying to do and LIFT is allowing us to achieve a huge step-change in how the NHS delivers these services." -Ends-
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