The contracts have been placed by Prime - the Birmingham and Solihull Local Improvement Finance Trust
(BaS LIFT) and their private sector partner Prime.
Portway Lifestyle Centre is being developed by a partnership between Sandwell Council, Sandwell Leisure Trust, Sandwell Primary Care Trust and Sandwell Local Improvement Finance Trust
Private funds will also be used in part to build the new centres, in the form of Local Improvement Finance Trust
This is one of two schemes that Dickinson Dees has been involved with in Yorkshire recently, the second being advising the Co-operative Bank in the continuing provision of pounds 34m debt funding for the Hull Local Improvement Finance Trust
The pioneering NHS Local Improvement Finance Trust
- a private and public partnership involving the six local primary care trusts, Partnerships for Health and the not-for-profit B&N Care Partnerships is providing new facilities on Teesside over the next 25 years.
The project is being funded thanks to a new, public-private partnership known as Local Improvement Finance Trust
Executives have already ruled out a controversial Private Finance Initiative (PFI), when the NHS is only leasing a building from private contractors who designed and built the project, focusing instead on a NHS Local Improvement Finance Trust
(LIFT) scheme, which is a joint venture between the NHS and a private company, when both co-own the building.
A large modern library, tourist information, a customer service base and flexible community space will all be included in the new Whitley Bay Joint Service Centre, being delivered in partnership with the primary care trust through the local improvement finance trust