Ryhurst and Lancashire Care NHS Foundation Trust (LCFT) are working together in the first full estates partnership in England, which will enable the securing of funding for new development projects.
The estates partnership's role is primarily to design, build, finance and operate new in-patient facilities; however the joint venture company, Red Rose Corporate Services (RRCS), will also lead in the delivery of the full spectrum of estates and associated support services needed by the Trust to deliver a growing and successful clinical services strategy. The partnership covers the Trust's whole estate of 1,189 square miles and a population of around 1.5 million.
Ryhurst and LCFT are equal shareholders in RRCS, which has three main aims:
A joint venture involves two or more parties pooling their resources and expertise to achieve a particular goal. The risks and rewards of the enterprise are also shared. RRCS will obtain funding for the Trust's new developments, such as the inpatient unit at Whyndyke Farm in Blackpool. The company will take responsibility for construction works, related activity and maintenance. On completion of the new unit the Trust will rent the space from RRCS.
Ryhurst, in partnership with LCFT through RRCS, delivered in the first 12 months: