Excellcare signs £75m LIFT project

ExcellCare, a jv between Equion and the Bank of Scotland, has signed a £75m public private sector partnership contract with the Department of Health, through Partnerships for Health.

The contract will involve the delivery of 21st century primary health and social care and local authority facilities in Manchester, Salford and Trafford (MAST).

The agreement will be delivered under the Local Improvement Finance Trust (LIFT) initiative.

MAST is one of the largest and most ambitious LIFT projects in development involving six primary care trusts, three local authorities and the Greater Manchester Ambulance Service.

The first phase of the project will cost around £20m and include four separate schemes. The capital value of the work will increase by some £55m over the first five years as nine additional schemes are brought forward.

MAST is the third of ExcellCare's six LIFT projects to reach financial close after Sandwell in January and Greater Nottinghamshire in early June and is the 13th out of 42 to close at a national level.