LLR PCL has launched a £400,000 Equipment Rental Fund to assist shareholding practices to develop the services they can offer their patients and supports primary care resilience. Maximising the services offered generates additional income for the practice but also supports LLR PCL’s aim of augmenting an expansion of primary care within the community.
The fund allows practices to bid for funding with which to buy capital equipment. Capital equipment is best described as any asset which costs more than £500 per item and has a useful life of over 1 year (for example: a dermascope, phlebotomy chair, examination couch, suction machine, diathermy machine etc). The fund can also be used to replace equipment which requires updating.
Shareholding practices are encouraged to submit requests for equipment. If approved, LLR PCL will rent the equipment to the practice for a highly competitive, less-than-market rate. LLR PCL maintains ownership of the asset and thus is responsible for all maintenance costs. At the end of the lease term, there will be an option to transfer ownership of the equipment for a nominal sum.
The scheme, which has been endorsed by the LLR Local Medical Committee, further underpins LLR PCL’s core mission to make a significant positive different in primary care provision within the region, benefitting both patients and member practices.
LLR PCL intend to call for bid submissions every 6 months. The first tranche of shareholder practice submissions should be sent in by Friday 10th February, 2023. To find out more, please do not hesitate to get in touch via the Contact Us form on this website.