Partnering, joint ventures & frameworks
Partnering with other organisations can unlock a huge range of benefits and help organisations to realise the potential of their estates. Our experience in partnering, combined with our creative problem solving, enables us to deliver innovative solutions and commercial benefits to partners and clients alike.
Our experience in partnering, combined with our creative problem solving, enables us to deliver innovative solutions and commercial benefits to partners and clients alike. Our own extensive experience as an investor means we know what you’re looking for from investment opportunities, while you benefit from procurement-safe access to public sector projects. Our unique insight into the whole market enables us to offer fully considered solutions – offering simplicity and certainty as we manage out risk and cost.
Access to private finance via a partnership offers organisations the ability to add capacity and commercial skill without losing flexibility or control.
Prime helps organisations to increase their revenue streams, by unlocking funding solutions, and offering dynamic solutions to improve efficiency.
We utilise private sector experience to facilitate infrastructure improvements and speed up the pace of change.
We’re committed to fostering partnerships for change. Our ability to match and nurture new and developing local partnerships is a fundamental element in service transformation for better care.
Prime have a unique insight into the whole market, which enables us to offer fully considered solutions – reducing both risk and cost.
Strategic Estates Partnerships (SEPs) are joint ventures between NHS Trusts and private sector organisations, offering the NHS a proven way to unlock the potential of estate.
By combining the expertise and resources of the public and private sector, these long term partnerships enable Trusts to accelerate the process of aligning their estates and facilities with strategic aims, while improving the patient experience, optimising efficiency and seizing commercial opportunities.
Prime’s understanding of health economies, service modelling, operational requirements and public sector accounting means it brings a complete range of skills and solutions to a partnership – from property and commercial know-how to access to flexible and affordable private finance.
The benefits of a SEP
With NHS Trusts facing greater pressures from increased demand and reduced access to capital funding, SEPs are a means of financing and developing new facilities to increase the pace of transformation.
As well as generating savings and efficiencies, they also offer Trusts the opportunity to find new ways to earn income from their estate, which can then be reinvested into frontline services.
Local Improvement Finance Trusts (LIFT) – Prime is the joint investment and development partner of two Local Improvement Finance Trusts which have delivered twenty-nine operational schemes in the West Midlands:
Local clients also access a range of development, funding, design and consulting services to support local system transformation and the creation of networks to deliver new models of care.
In common with all its JV partnerships, Prime takes the hassle of management away and provides management services from financial accounting and audit to portfolio management, governance and compliance.
Private Investment Construction (PIC) Framework
Prime’s healthcare development expertise, which spans more than 20 years working at the forefront of the sector, includes a wealth of experience in supply chain management, ensuring an open and transparent approach on each and every project. Having delivered goods and services for the NHS and a range of other public sector clients, Prime’s experience and knowledge are focused on improving value for money and delivering projects on time, within budget and to the highest quality standards.
The Private Investment Construction (PIC) Framework was launched by Prime in May 2017 and is a ready-made construction framework for the NHS and other public sector bodies, providing a mechanism for bringing private sector investment into new build and refurbishment projects. Sponsored by strategic estates partner, Yeovil District Hospital NHS Foundation Trust, it opens up access to vital sources of private funding for new facilities and estate improvements, while transforming environments for patients, visitors and staff.
Car Park Management and Infrastructure (CPMI) Framework
Prime and VINCI Construction UK have been awarded a place on the Car Park Management and Infrastructure (CPMI) Framework managed by NHS Shared Business Services (NHS SBS). The framework which runs until November 2022 provides the NHS and wider public sector with a comprehensive, one-stop solution for all car parking needs; from construction through to full management, ANPR, barrier control and more.
Appointed to Lot 1 (the provision of car park design, build and finance), Prime provides access to development expertise and value-for-money private funding for new car park projects, unlocking site-wide development opportunities and ensuring an improved experience for patients, visitors and staff.
National Framework for Total Car Park Solutions
Working with VINCI Construction UK, Prime has secured a place on the National Framework for Total Car Park Solutions. Managed by procurement specialists, Pagabo, and sponsored by Northumberland Tyne and Wear NHS Foundation Trust, the four-year Framework will simplify procurement and provide the public sector with a quick and efficient route to car park development and funding.