Modular buildings are now a common sight on NHS estates around the UK as Trusts battle to meet the requirements of their patients and their staff alike. Here, Steve Bowers, founder and managing director of Solutions Asset Finance, and the company’s commercial director, Philip Green, explain ‘how flexible funding solutions can match the quality of today’s modular building technology’.
Modular buildings are increasingly being seen as a smart solution by NHS Trusts under pressure to combat growing patient waiting lists and enhance the infrastructure of their estates. As this article explores, there are many reasons why a modular approach is popular with chief executives and finance directors facing the constant challenge of delivering better patient care while working with limited budgets as the government continues its austerity-first approach to the economy.
Modular buildings are not new to the healthcare sector; in fact they have been around for over 15 years. During the past 10 years Solutions Asset Finance (SAF) has helped to deliver modular building projects for over 25 Trusts across the UK, with a funding value of over £150 million. Projects funded by SAF have enabled Trusts to add additional operating theatres, day surgery units, ward facilities, MRI and CT units, maternity complexes, laboratories, and mortuaries. Of course, with ever-increasing demand has come market maturity. Today’s modular buildings are very different to the first ones commissioned by NHS Trusts in terms of quality and flexibility.
Flexibility, quality, and speed
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