#1

To develop and deliver to UK GPs long leasehold Primary Care premises and any ancillary premises required.

#2

We will acquire suitable sites for development in locations approved by local GPs with NHS support. Construction and development in all respects will comply with local planning and District Valuation regulation.

#3

Financial appraisal of developments will be properly approved by the District Valuer for agreement on lease terms and rental levels.

#4

On development completion we will make a simple management charge of 1.5 % of the Gross Development Value and then share equally with the Hospice(s) local to the development all subsequent development gain attributable to the development on a fully auditable basis.

Why are you operating this scheme?

After many years of operating in this field we are aware that the various specialist developers of medical facilities offer very similar products and naturally only operate for personal financial gain. We can offer something different . As our strategy is designed to provide significant charitable funding to a movement of national importance we hope to be chosen as a preferred developer by individual GP practices , site owners and relevant third party medical services providers. All transactions will be entered into on normal commercial arms length terms. We will not expect to receive nor offer or request special terms. We believe our objective will be sufficient to gain commitment from the market place.

Is this PFI ?

No. The development of GP premises by developers like us is simply a procurement method open to GPs who always have the option of building their own premises. NHS involvement remains in either case the same ie. GP rent is reimbursed in the same way as part of the surgery’s annual budget. So far as ancillary development is concerned eg pharmacies, physio etc these remain private operations sponsored by independent commercial third parties but can add weight to project viability.

How is the District Valuer involved ?

In relation to the surgery only the specification for construction and fit out is issued by the NHS and must be followed. The DV has responsibility to ensure that value for money is being achieved in terms of design layout and construction and that the design is in accordance with the guidelines and permitted space allowances. He will negotiate a suitable market rent on behalf of the NHS which he will recommend for reimbursement by the NHS to the GPs. The DV will often be responsible for or involved in the negotiation of rent reviews under the GPs leases as they fall due . The format of these GP leases is generally prescribed or guided by the District Valuation Office and is invariably followed.