Community Ventures Management (CVM) Limited is delighted to announce the commencement of six new management services contracts with effect from 1st April 2018, with the following Local Improvement Finance Trusts (LIFTs):
- Greater Nottingham LIFT
- North Nottinghamshire LIFT
- South Derbyshire LIFT
- Leicester LIFT
- Barnsley LIFT
- Doncaster LIFT
The services will be delivered via a joint venture with Equitix Management Services (EMS) Limited, a specialist services provider in the LIFT sector, under the umbrella of EMS Community Ventures (ECV) Ltd.
CVM has a wealth of health and social care experience and a successful track record of delivering high quality partnering services to the NHS and other LIFT stakeholders across strategic estates planning and development of improvement schemes
CVM will be operating through two further offices in Nottingham and South Yorkshire to provide local support to the additional LIFT company areas.
EMS will focus on its core strengths in estates and financial management, drawing on its breadth of experience across a wide ranging and diverse portfolio and providing ECV with the bandwidth and geographical reach to deliver consistent high-quality service to our partners.
The six LIFTs encompass 46 health centres with an aggregate floor area of 131,000 square metres and a capital value of £325 million. The health centres are owned through 13 project companies and have been partly financed by bank debt currently standing at £265 million. As part of the transfer of contracts CVM is pleased to be welcoming 3 new members of staff to our team.
We look forward to taking this exciting next step in the development of the CVM business.