WHAT WE DO

Ryhurst’s Joint Venture Partnership (JVP) model ‘STEP’ is a unique approach that helps the NHS to better utilise its estate, improve the quality of buildings essential for clinical services and provide a more equitable solution for the taxpayer than PFI. The key principles of our Joint Venture Partnership (JVP) model include:

• Our JVP is an equal partnership between NHS Trust management and Ryhurst  in which both parties share 50:50 shareholding, risk and reward  
• A strategy for the ‘whole Trust estate’, which releases revenue to fund improved clinical services
• Reducing or reusing surplus estate in order to create efficiencies and create savings

We are already putting these principles into practice in the first such whole estates joint venture partnership in the NHS which we have delivered with Lancashire Care NHS Foundation Trust.  Here we manage an estate of circa 100,000 m² serving a local population of around 1.5m and are managing a pipeline of capital projects totalling over £100m.  Our JVP with Lancashire Care has, in the first 12 months already delivered the following savings for the Trust:

• £1.6m savings across hard and soft FM
• Reduced consultancy costs by 50%
• Potentially saved £80m from capital funding costs over 40 years
• 39% space utilisation across the Trust’s properties meaning more space for clinical services and less for administration