MIMs are back! Welsh PPP to strengthen health assets?
Welsh “MIM”: new cancer centre bolstered by concession
Assiduous readers of the Decide news will have recognized the acronym of the Mutual Investment Model which is popular in Wales, UK at the moment to enable private sector participation in the health capital projects.
The MIM is a glorified concession really, with the private partner of the public health authority expected to design, build, finance and maintain the new Velindre Cancer Centre against a 15% public equity funding. This is quite a large size project amounting to more than half a billion pound (£562 million) for a staggering 32,000 square meters building as reported by our friends at Partnership Bulletin.
The project is primarily interested as contradictory messages are mustered from different parts of the UK: will PPPs or private participation-based models endure in health? Is there still appetite on both public and private sides for these contracting arrangements?
Your Decide will soon meet with Paul Jarvis, Editor of the Partnership Bulletin to find out and report to you!
In the meantime, if you want to know more on MIMs, why not read our recent article explaining what they look like when at home? Click here!