HICL Infrastructure Company Limited (HICL), the UK’s largest listed social infrastructure fund, has joined Prime plc as joint venture partner in Prime LIFT Investments Ltd (PLIL).
Prime LIFT Investments Ltd is a 60 per cent shareholding partner in Birmingham and Solihull LIFT Ltd (BaS LIFT) and Prima 200 Staffordshire LIFT – two of the 49 LIFT companies established as part of the Department of Health’s national Local Improvement Finance Trust (LIFT) programme.
Richard Laing, group chief executive of Prime plc, comments: “We’re delighted to be working alongside the UK’s largest listed social infrastructure fund as a joint venture partner in Prime LIFT Investments Ltd. The LIFT partnerships have already delivered an impressive 29 new and improved facilities into local health economies. HICL joins us at an exciting point with several projects including the new Birmingham Dental Hospital in development. This new joint venture with them means that Prime LIFT Investments is well-placed to continue to support both BaS LIFT and Prima 200 in providing high quality facilities for its NHS and local authority clients, as well as providing a flexible, NHS approved procurement vehicle for new clients.”
Both BaS LIFT and Prima 200 have an expanding client base and a central, strategic role in their local health economies. Prime plc, its subsidiary Prime (UK) Developments Ltd and its approved supply chain partners will continue to provide specialist services, to deliver state of the art facilities to transform the delivery of health and social care services in their communities.