Registrar: Jargon Buster - Local improvement finance trust (LIFT)

What is LIFT? LIFT is a form of public-private partnership, involving the private sector in financing health infrastructure.

Pros and cons? LIFT aims to upgrade or replace 3,000 primary care premises and fund 500 one-stop primary care centres, enabling co-location of GP, community and social care services. Concerns have been raised over affordability of LIFT schemes.

How does it work? Locally, LIFT is introduced through PCTs with participation from local authorities. Profit-making LIFT companies (LIFTCo) are established, comprising public- and private-sector partners. LIFTCo build (or refurbish) and own premises and lease them back to NHS bodies, GPs or other organisations.

Where can I find out more?

DoH (including case studies): www.dh.gov.uk/ProcurementAndProposals/PublicPrivatePartnership/NHSLIFT/fs/en

National Audit Office: www.nao.org.uk/pn/05-06/050628.htm

 

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