John Laing forms JV with CUH NHS Foundation Trust to deliver Forum development
John Laing has formed a joint venture with Cambridge University Hospitals NHS Foundation Trust (CUH) to deliver the Forum development on the Cambridge Biomedical Campus (CBC). With the joint venture formed and commercial close achieved, the partners are now working to finalise the funding and operational plan for the project, and secure planning permission.
The Forum, which will be designed by global architecture practice NBBJ, will bring together under one roof a post-graduate medical education centre, private hospital, a 198-room hotel and a 550-seat conference centre. By combining these three functions in one place, CBC users will have access to a social hub to encourage interaction between academics and CUH staff, grow Cambridge’s reputation as a venue for biomedical conferences, training and specialist healthcare and create income for NHS services at CUH.
The funding for the £120 million infrastructure project will be arranged entirely by John Laing and no public capital will be used to fund the project, the first major project of its kind in the National Health Service (NHS) CUH will receive an annual income and a share of the profits over the life of the project, all of which will go to supporting and enhancing the delivery of patient care at Addenbrooke’s and the Rosie hospitals.
Construction of the development will be carried out by Laing O’Rourke and it is planned that the private hospital will be run by Ramsay Health Care UK. The postgraduate medical education centre will be managed by CUH. The development will create over 300 construction jobs and more than 500 people will be employed in the completed facility.
Peter Ward, Director of Healthcare Projects at John Laing, said: “This is an important milestone in our partnership with CUH and is a significant step closer to delivering this important project. John Laing is keen to invest sustainably in good quality public infrastructure, and the Forum is a great example because it will provide a social hub for the biomedical campus, give Cambridge a centre for postgraduate medical education that reflects the standards of its teaching, and generate substantial income for NHS care. It's a crucial part of the CUH’s vision, and will illustrate the potential benefits innovation can bring to CUH’s patients and the staff who care for them."
Dr Keith McNeil, chief executive at Cambridge University Hospitals, said: “This is another important step in creating a physical centre of what is already a well-known and successful biomedical campus. With the conference, hotel and other facilities the Forum will provide a great opportunity for clinicians and research professionals from Cambridge and around the globe to collaborate on innovative research and practice. This is bound to lead to new treatments and better quality of care for patients.”
Jill Watts, Ramsay Health Care UK’s CEO, said: “Ramsay Health Care UK is delighted to be part of this partnership and to be the operator of the new private hospital at the Forum. Through our experience and expertise we will provide the highest possible quality healthcare to our patients and are proud to be part of the creation of one of the best and most innovative healthcare campuses in the world.”
Construction work is planned to start in spring 2014 and it is anticipated that the Forum will open in summer 2016.
Please visit www.forumcambridge.co.uk for further information.