Innisfree Ltd
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Innisfree Ltd
Innisfree Ltd is a fund management company based in the United Kingdom which manages substantial interests in private finance initiative (PFI) schemes in the UK, Canada, Sweden and The Netherlands. It invests funds in social infrastructure projects, such as hospitals and schools, on behalf of institutional investors such as local authority pension funds. The company has a portfolio of 56 projects with a capital value of over £18 billion. Role The company was founded by David Metter in 1995 and has raised over £2.3 billion to date . Currently, it has over £1.7 billion under management in four long term income funds. These funds have lives of 35 years or more which matches the length of a typical PFI contract of between 25 and 30 years and reflects Innisfree's policy to remain a long term partner in these projects. The majority of Innisfree's investors are UK institutions with over 25% of funds from overseas. Most of these investors are pension funds seeking long-term sustaina ...
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Private Finance Initiative
The private finance initiative (PFI) was a United Kingdom government procurement policy aimed at creating "public–private partnerships" (PPPs) where private firms are contracted to complete and manage public projects. Initially launched in 1992 by Prime Minister John Major, and expanded considerably by the Blair government, PFI is part of the wider programme of privatisation and financialisation, and presented as a means for increasing accountability and efficiency for public spending. PFI was controversial in the UK. In 2003, the National Audit Office felt that it provided good value for money overall; according to critics, PFI has been used simply to place a great amount of debt "off-balance-sheet". In 2011, the parliamentary Treasury Select Committee recommended: In October 2018, the then-chancellor Philip Hammond announced that the UK government would no longer use PFI; however, PFI projects will continue to operate for some time to come. In 2021, Robert Naylor w ...
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Dartford And Gravesham NHS Trust
The Dartford and Gravesham NHS Trust is an NHS Trust with an annual budget of about £121 million, and employs 1,900 staff. It manages Darent Valley Hospital in Dartford, Queen Mary's Hospital, Sidcup, Queen Mary's Hospital in Sidcup, Erith and District Hospital and Elm Court. History A proposed merger with Medway NHS Foundation Trust was called off in September 2013. Performance It was named by the Health Service Journal as one of the top hundred NHS trusts to work for in 2015. At that time it had 2593 full-time equivalent staff and a sickness absence rate of 3.68%. 78% of staff recommend it as a place for treatment and 76% recommended it as a place to work. Darent Valley Hospital had the highest rate and number of Methicillin-resistant Staphylococcus aureus, MRSA cases for NHS trusts in England in 2015. There were 14 cases of patients being infected between 1 April 2015 and 29 February 2016. In 2018 it forecast a deficit, for the fourth year in a row. It expected to make a ...
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Aldershot
Aldershot () is a town in Hampshire, England. It lies on heathland in the extreme northeast corner of the county, southwest of London. The area is administered by Rushmoor Borough Council. The town has a population of 37,131, while the Aldershot Urban Area, a loose conurbation (which also includes other towns such as Camberley, Farnborough, and Farnham) has a population of 243,344, making it the thirtieth-largest urban area in the UK. Aldershot is known as the "Home of the British Army", a connection which led to its rapid growth from a small village to a Victorian town. History Early history The name may have derived from alder trees found in the area (from the Old English 'alder-holt' meaning copse of alder trees). Any settlement, though not mentioned by name, would have been included as part of the Hundred of Crondall referred to in the Domesday Book of 1086. The Church of St Michael the Archangel is the parish church for the town and dates to the 12th century with ...
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Salisbury Plain
Salisbury Plain is a chalk plateau in the south western part of central southern England covering . It is part of a system of chalk downlands throughout eastern and southern England formed by the rocks of the Chalk Group and largely lies within the county of Wiltshire, but stretches into Hampshire. The plain is famous for its rich archaeology, including Stonehenge, one of England's best known landmarks. Large areas are given over to military training and thus the sparsely populated plain is the biggest remaining area of calcareous grassland in northwest Europe. Additionally the plain has arable land, and a few small areas of beech trees and coniferous woodland. Its highest point is Easton Hill. Physical geography The boundaries of Salisbury Plain have never been truly defined, and there is some difference of opinion as to its exact area. The river valleys surrounding it, and other downs and plains beyond them loosely define its boundaries. To the north the scarp of the d ...
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Project Allenby Connaught
Project Allenby Connaught is a scheme begun in 2006 to redevelop the military garrisons of Aldershot and Salisbury Plain in the United Kingdom. The project is named after Lord Allenby who served as a cavalry commander on Salisbury Plain, and the Duke of Connaught who was Commander-in-Chief at Aldershot Command. History In April 2006 Aspire Defence won a 35-year private finance initiative (PFI) contract known as Project Allenby Connaught to provide over 500 new or refurbished buildings and deliver a range of services across the garrisons of Aldershot and Salisbury Plain, from construction to catering, stores management, transport, building maintenance, grounds maintenance and cleaning. These improvements, which were delivered by joint ventures of British company Carillion and American company KBR at a cost of £1.6 billion, aimed to improve the quality of life for 18,000 soldiers living and working at the garrisons and were completed in December 2014. Funds managed by Innisfree a ...
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Taunton And Somerset NHS Foundation Trust
Taunton and Somerset NHS Foundation Trust was an NHS trust which managed Musgrove Park Hospital in Taunton. It merged with Somerset Partnership NHS Foundation Trust to form Somerset NHS Foundation Trust in 2020. Dr Sam Barrell was appointed Chief Executive in February 2015. Merger The trust submitted a bid in 2014 to take over Weston Area Health NHS Trust, which had announced that it was not viable in its present form, but the bid was not successful. In 2018, the trust announced plans to merge with Somerset Partnership NHS Foundation Trust, a mental health trust. The merger completed in 2020. Finance In 2015–2016 the trust anticipated a budget deficit of around £5million. The trust had a radiotherapy unit in a building constructed using the Private finance initiative. It received an additional £800,000 per year from the commissioners to assist with the extra costs this generates, but had a shortfall of £3.3M as a result. The trust set up a joint venture, Southwes ...
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Royal Berkshire NHS Foundation Trust
The Royal Berkshire NHS Foundation Trust is an NHS foundation trust in England, which is responsible for the management of the Royal Berkshire Hospital in Reading, Berkshire, as well as the Prince Charles Eye Unit and the Dialysis Unit, both in Windsor; Bracknell Healthspace, Townlands Hospital in Henley-on-Thames, and West Berkshire Community Hospital, which is between Newbury and Thatcham. Development In 2008 the trust established a subsidiary company, Healthcare Facilities Management Services Ltd, to run two new health centres in Bracknell and Reading. The intention was to achieve VAT benefits, as well as pay bill savings, by recruiting new staff on less expensive non-NHS contracts. VAT benefits arise because NHS trusts can only claim VAT back on a small subset of goods and services they buy. The Value Added Tax Act 1994 provides a mechanism through which NHS trusts can qualify for refunds on contracted out services. The trust's plans to build a pre-operative assessment b ...
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Buckinghamshire Healthcare NHS Trust
Buckinghamshire Healthcare NHS Trust is an NHS trust which runs Wycombe Hospital, Stoke Mandeville Hospital, Amersham Hospital, Buckingham Community Hospital and Thame Community Hospital, in Buckinghamshire, England. History The trust was established as the Buckinghamshire Hospitals NHS Trust on 1 October 2002, and became operational on 1 April 2003. The trust changed to its current name on 1 November 2010. There is a plan for reform of NHS services in Berkshire and Buckinghamshire which envisages some centralisation of services at Stoke Mandeville. The debate about future hospital provision in the area hinges on the future of neighbouring Heatherwood and Wexham Park Hospitals NHS Foundation Trust which, it is proposed, is to be taken over by Frimley Park Hospital NHS Foundation Trust. Performance In October 2013 as a result of the Keogh Review the Trust was put into the highest risk category by the Care Quality Commission. It was put into a buddying arrangement with Salford ...
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Hairmyres Hospital
University Hospital Hairmyres is a district general hospital in the Hairmyres neighbourhood of East Kilbride, South Lanarkshire, Scotland. The hospital serves one of the largest elderly populations in Scotland. It is managed by NHS Lanarkshire. History Early history The first building on the site was the Lanarkshire Inebriate Reformatory, formally opened on 1 December 1904. Only a handful of patients received treatment over the years, and the Reformatory closed in February 1911. Lanarkshire County Council purchased a nearby farm and established a tuberculosis sanatorium and working farm colony. The Hairmyres site was well suited, being accessible from major centres of population, yet set in a hillside over 500 feet above sea level and with its own supply of fresh food. Building started in December 1914 and continued through the First World War, with local workmen being assisted by German prisoners of war. The Secretary for Scotland, Sir Robert Munro conducted the official o ...
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University Hospital Of South Manchester NHS Foundation Trust
The University Hospital of South Manchester NHS Foundation Trust is a defunct NHS foundation trust that previously operated Wythenshawe Hospital, a major acute teaching hospital in Wythenshawe, Manchester. Many of the services and facilities previously at Withington Hospital were transferred to Wythenshawe in 2004. It provided services for adults and children at Wythenshawe Hospital and Withington Community Hospital (the latter formerly owned by Manchester PCT). It runs Buccleuch Lodge Intermediate Care Unit and the Dermot Murphy Centre in Withington, and the Specialised Ability Centre in Sharston. It merged with Central Manchester University Hospitals NHS Foundation Trust to form Manchester University NHS Foundation Trust on 1 October 2017. History Withington Urban District Council built a hospital with 100 beds, known as Baguley Sanatorium, for infectious disease on the site now occupied by Wythenshawe Hospital in 1902. It could no longer use Monsall Hospital as Manchester ...
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Princess Royal University Hospital
The Princess Royal University Hospital or PRUH is a large acute district general hospital situated in Locksbottom, near Farnborough, in the London Borough of Bromley. It is managed by King's College Hospital NHS Foundation Trust. History The hospital has its origins in the Bromley Union Workhouse Infirmary which was opened on the site in March 1845. A female infirmary block was added in 1898 and two new medical blocks were completed in 1929. A new wing was added in 1936 at which time the facility became the Farnborough County Hospital. It joined the National Health Service as Farnborough General Hospital in 1948 and new operating theatres on the site were opened by Robin Turton, Minister of Health, in November 1956. A new hospital was procured under a Private Finance Initiative contract to replace the Bromley Hospital and Farnborough General Hospital in 1998. It was built by Taylor Woodrow at a cost of £118 million and opened in April 2003. The construction cost was funded p ...
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Lewisham And Greenwich NHS Trust
Lewisham and Greenwich NHS Trust is an NHS trust which was formed on 1 October 2013 and is responsible for running two acute hospitals, Queen Elizabeth Hospital and University Hospital Lewisham, in addition to community health services in Lewisham. The trust was formed by the acquisition of the acquisition of Queen Elizabeth Hospital by Lewisham Healthcare NHS Trust upon the dissolution of South London Healthcare NHS Trust. Despite extensive local opposition and legal challenges in Lewisham, the merger was approved by Secretary of State for Health Jeremy Hunt on 26 September 2013. Both hospitals continue to operate emergency departments, acute medicine services and maternity units following the High Court decision which ruled that the plan to close services at Lewisham Hospital was unlawful, a judgement which was subsequently upheld in the Court of Appeal. History The trust was established as the Lewisham Hospital NHS Trust on 22 March 1993, and became operational on 1 A ...
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