Access to funding for capital projects is becoming increasingly difficult in the current climate. Health clients need lawyers onboard who understand all the options available to them (both on and off balance sheet) as well as an in-depth knowledge of the fine detail, such as FT prudential borrowing limits and the terms of commercial borrowing facilities with all major banking institutions.
If the best option available is PFI and PPP, then we are the right team to choose. Our expert Projects and PFI team is rated as one of the strongest practices in the UK and is a genuine leader in the field of innovation. Our work includes not just Project Finance (including PFI) but also other PPPs (including corporate joint ventures, public service concessions or franchises and strategic outsourcing projects). We have delivered over 110 signed schemes for the NHS – experience we share with any Trust about to embark on a new project. We work in tandem with our clients to develop an approach that they are comfortable with and one that is capable of being ‘banked’. For this reason, clients appreciate our input on evaluating bid submissions to ensure they have the right private sector partner. Our commitment continues after close with issues surrounding the construction, occupation, variations and refinancing of projects as well as contract management.
Specific examples of successful projects include accommodation, social care, energy schemes and equipment and services.
We are also at the forefront of health PFI schemes using the competitive dialogue procedure. For further information on our Procurement team, Health Projects and, in particular, schemes closed under competitive dialogue, please click here.