Its role was to set up public-private partnerships to invest in new healthcare facilities in England via the NHS Local Improvement Finance Trust programme.
Its current portfolio is over 300 buildings which include NHS foundation trusts, general practitioners, dentists, and pharmacies.
In 2019 it was reported that its proposals for a new form of private finance initiative were being considered by Princess Alexandra Hospital NHS Trust for the rebuilding of its hospital in Harlow.
[2] The 25-year contractual terms for the first batch of LIFT buildings will expire in 2029.
No new ownership or funding model has been agreed between the NHS and private sector after the government’s policy of using private finance initiatives ended in 2018.