Portfolio

Medway LIFT, UK

Project capex

£19 million

Concession

26 years

HICL holding

60.00%

Sector

Health

Region

UK

Finance, construct, operate, and maintain health and social care infrastructure for Community Health Partnerships Limited

HICL has an indirect investment in Medway LIFT, one of the 49 LIFT companies established as part of the Department of Health’s national Local Improvement Finance Trust (“LIFT”) programme. Medway LIFT has an average 26 year contract to deliver health and social care infrastructure to Community Health Partnerships within the Medway area of North Kent.

The investment in Medway LIFT is held in Medway Community Estates Limited (“Medway”). Since its inception in 2005, Medway has delivered four health care facilities with a combined construction cost of £19 million.

The facilities are managed on behalf of Medway by AMP infrastructure while Rydon Maintenance Limited is responsible for delivering the Hard FM services.