Latest:
Yorkon offers PFI alternative
16:22 25 Jun 2005
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The healthcare sector can now take advantage of Yorkon's so-called
"faster and simpler alternative to PFI".
The design, build and finance package allows local health authorities to fund the acquisition of new buildings, built off site by Yorkon, by using an operating lease arrangement (normally over 20 years).
Yorkon and its finance partner UniLink trialled the system in the education sector last year on the £5m Our Lady of Lourdes primary school in East Kilbride for South Lanarkshire Council.
Yorkon director and general manager Keith Blanshard said: "PFI can be an effective solution where there is a shortage of capital resources to fund larger schemes - £20m-plus. However, this can also be a relatively expensive and complex route.
"Healthcare providers now have greater freedom to explore alternative funding solutions. Well-constructed operating lease arrangements are excellent value for money, offering a high degree of flexibility and minimal risk."
The design, build and finance package allows local health authorities to fund the acquisition of new buildings, built off site by Yorkon, by using an operating lease arrangement (normally over 20 years).
Yorkon and its finance partner UniLink trialled the system in the education sector last year on the £5m Our Lady of Lourdes primary school in East Kilbride for South Lanarkshire Council.
Yorkon director and general manager Keith Blanshard said: "PFI can be an effective solution where there is a shortage of capital resources to fund larger schemes - £20m-plus. However, this can also be a relatively expensive and complex route.
"Healthcare providers now have greater freedom to explore alternative funding solutions. Well-constructed operating lease arrangements are excellent value for money, offering a high degree of flexibility and minimal risk."
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