Assessment” finds that the LIFT estate has delivered a host of qualitative and quantitative benefits:
The LIFT estate has improved the quality and accessibility of services for patients and communities by providing modern, fit-for-purpose and integrated facilities that are flexible and adaptable.
LIFT provides long term cost certainty to NHS tenants via comprehensive lease agreements. Lease payments for tenants are fixed at lease agreement andincrease in line with retail price inflation (RPI) only.
By comparison commercial rents have increased by 25% in the last seven years. In addition, whilst the rental payment for LIFT premises is higher than a typical commercial development, LIFT agreements provide more services, hence value, than would be offered under standard commercial alternatives.
LIFT costs include maintenance and lifecycle and provide value for money through ensuring there is no backlog maintenance reducing the significant and increasing cost and risk of maintaining an ageing NHS estate elsewhere.
It is clear from this report that the LIFT estate presents value for money and other significant benefits to the NHS, its patients and staff. Increasing utilisation of the LIFT buildings as core health assets will enable the NHS to deliver the Government’s mission, drive up NHS productivity and transform care delivery while achieving greater value.
Working together, we can support the NHS with estate solutions that enables the shift of services into local communities, drive up productivity and unlock value from the current physical infrastructure.
The report evidences the continuing importance of the LIFT buildings, underlining the fact that they are largely located in areas of high health needs and ideally placed to support the Government’s ambition of a Neighbourhood Health Service with more prevention and health care delivered locally.
You can read more and download a copy here.
The NHS Local Improvement Finance Trust (LIFT): Occupancy Cost Assessment
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