HOW IT WORKS – partnership not PFI
Fulcrum’s healthcare facilities are delivered through the NHS LIFT (Local Improvement Finance Trust) initiative which brings together the NHS, the Department of Health and a private sector partner. Any private investment in the NHS understandably raises eyebrows so first and foremost, it is crucial to underline that these healthcare centres are not PFI projects.
LIFT facilities are instead a Public Private Partnership (PPP) which, as the name suggests, demonstrate true long-term partnership in action.
THE BENEFITS – fairness, flexibility and transparency
Where PFI was criticised for tying the public sector to complex, rigid contracts with the financial outcomes stacked firmly in favour of the private investor, in contrast PPP projects like the LIFT initiative are founded on: