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News archive - 2004

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ExcellCare signs £35m South Derby LIFT project

Friday, 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.

South Derby is the fifth of ExcellCare's six LIFT projects to reach financial close after Sandwell in January, Greater Nottingham in June, MaST (Manchester, Salford and Trafford) in July and Leicester in August.

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:

  • six Primary Care Centres
  • an extension to an existing GP surgery in Ilkeston
  • a Joint Disabled Children’s Short Break Centre in Central Derby. 

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-
For further information please call Christine Jones on 020 7901 3200
 
Notes to Editors

  • Laing O’Rourke will lead construction. Lead architects are The Design Bureau.
  • The financial advisers to ExcellCare are PricewaterhouseCoopers and the legal advisers are Denton Wilde Sapte. 
  • ExcellCare is preferred partner on one further LIFT scheme in North Nottinghamshire.
  • Equion is a specialist provider of facilities in the PFI and PPP markets with a long-term perspective and approach.
  • The company manages and delivers projects from planning and funding through to design, construction and operation. It is actively involved in the management of a wide range of health, police, education, defence and special purpose government facilities
  • Bank of Scotland’s Corporate Infrastructure Finance team is a leading funder of Public Private Partnership projects. 
  • It has funded more than 100 PPP projects and has provided equity investment as part of an integrated funding package to more than 40 projects, equating to £10 billion of project value across the UK and Europe.  It has participated in the funding of more than 8,000 acute hospital bed spaces across the UK and is a major investor in the improvement of Britain’s hospitals and health centres, with several more projects currently at preferred bidder stage.
  • The financial advisers to the public sector are Ernst & Young and the legal advisers are Addleshaw Goddard.
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