Spending Review reveals plan to sell off stake in joint venture partnership
It was announced in the Spending Review and Autumn Statement 2015 that, subject to a value for money assessment, part of the Department of Health’s investment in the LIFT Public Private Partnership is to be sold.
Community Health Partnerships, which is wholly owned by the DH, is the 40% public sector shareholder and investor in the majority of the 49 LIFT PPP joint venture companies.
The Local Improvement Finance Trust (LIFT) programme has built over 330 new, integrated primary health and community facilities over the past 15 years totalling £2.5 billion of new investment.
LIFT has created the most-concentrated investment in new locally-run primary health and social care facilities since the advent of the NHS.
Options for progressing the sale will be developed in conjunction with the Department of Health.