Plymouth NHS LIFT (Local Improvement Finance Trust) reached financial close, on
21 October 2004, and The Resound (Health) Ltd company was formed.

Through the Royal Bank of Scotland a funding package of £23.4m was provided to form the Plymouth NHS LIFT company. The public sector shareholders are Plymouth PCT and Partnerships for health. Shareholders from the private sector are Midas Group, Sutton Harbour plc and Cyril Sweett (Holdings) Ltd.

The NHS LIFT initiative aims to re-generate the landscape of primary healthcare by providing modern doctors’ surgeries, Primary Care Trust accommodation and by expanding the range of facilities on offer. The schemes are true PPPs that will be delivered by companies comprising both public and private sector participants and formed specifically for each LIFT.

The Resound (Health) Ltd partnership will be responsible for funding, building and maintaining the new primary healthcare facilities across Plymouth over the next 25 years including the development of a local care centre at Mount Gould and a new surgery and community health centre at Ernesettle Green.

Cyril Sweett service delivery for the company is project direction and management, health planning, technical advisors, life cycle costing and cost consulting.

Steve Rickwood, director responsible for Cyril Sweett says:

“understanding the requirements and challenges faced by both public and private sector shareholders was critical to reaching agreement. The Plymouth LIFT will provide new, purpose built primary healthcare facilities for the area and we are pleased to be a shareholder of Resound (Health) Ltd and to work on the strategy to regenerate and improve community facilities.”