Our impact
Fulcrum, UK
Background
The UK Government launched the Local Improvement Finance Trust (LIFT)programme in 2000 for establishing partnerships between public and private sector organisations, for regenerating and maintaining the building fabric of primary care and community health services.
Under the LIFT model, new facilities are built from new or refurbished buildings that are then managed and maintained under the ownership of a LIFT company, which then leases the buildings back to NHS (National Health Service) service providers over a fixed term (usually 25 years).
Meridiam is a major investor in the health estates sector in the UK, through its 100% ownership of Fulcrum Infrastructure Group (FIG).
FIG is the private sector partner in four LIFT companies. Each covers a distinct geographic area in Merseyside (Liverpool) and London. FIG is also a shareholder in two other LIFT companies in Oxford and Bristol. The portfolio includes 42 primary and community healthcare facilities. All facilities are operational, estimated to be serving around five million patients per year, staffed by nearly 3,900 NHS employees.
Stage:
In Operation
ESG/SDG Key Facts
All 42 LIFT schemes have achieved either a BREEAM “very good” or “excellent” rating.
The LIFT companies have developed and sponsored innovative media campaigns (typically in partnership with sports clubs) to support the NHS.
Thousands of children in the Lambeth community participated in naming a local park regenerated by the project – now named “Peregrine Park”.
FIG has developed a Social Value Annual Report* to capture the benefit of several different partnerships and activities which took place over 2022 and 2023. The latest report was published in Q3 2024.
*Source: Social Value Annual Report
SDG 5 (Gender Equality)
FIG completed a review of gender equality in the workforce and at the end of 2023, women represented 47%.
SDG 7 (Affordable and Clean energy)
A strategy to achieve the net zero targets established by the NHS is currently being developed and will be
implemented this year. This will include initiatives such as increasing the % of renewable energy in the energy mix, improving equipment performance, and energy usage. The current share of renewable energy is approximately 50% of the energy mix.
> Learn more about the project:
