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Home > News room > News archive > 2004 > News archive - 2004 News archive - 2004
Excellcare Reaches Financial Close on Sandwell Lift ProjectFriday, February 20, 2004 Sandwell is the first LIFT project to reach financial close of the six around the country where ExcellCare is the preferred partner. The contract covers the design, construction and maintenance of facilities that bring together a wide range of primary healthcare services under one roof at a total of 6 dedicated sites. Construction of two of the new centres will start immediately with that of the remaining 4 commencing during the remainder of 2004 These six centres represent the first phase of developments for Sandwell NHS LIFT - a public private partnership set up to deliver modern primary care facilities in the area. The partners in Sandwell LIFT are:
ExcellCare Director David Hartshorne said: "This an important step for ExcellCare in that it marks the start of the delivery of our first NHS LIFT project. More importantly it is the beginning of a step change for the population in Sandwell in the way that primary healthcare will be delivered in the local communities" Notes to Editors
3. Bank of Scotland Corporate Banking’s Infrastructure Finance team is the UK's leading funder of PFI/PPP projects*. It has funded more than 100 PFI/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 hospitals, with another two major projects currently at preferred bidder stage. Bank of Scotland Corporate Banking also secured the Infrastructure Journal PPP Arranger of the Year Award in February 2003. * Project Finance International Jan 2002 & 2003.
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