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How to identify funding opportunities to develop a new GP organisation

By: Graeme Cleland | Post date: 20/12/2017 | Time to read article: 1 mins

The information within this article was correct at the time of publishing. Last updated 14/11/2018

Can you explain how you went about raising funds to initiate and maintain the growth of your organisation?

Graeme Cleland discusses different models of funding and the options for new GP partnerships.

Transcript

When setting up a GP organisation there’s lots of conversations about what sort of organisation you’ll be. We determined that a super practice or a super partnership wasn’t right for us. We came down to two final options, one being a community interest company and one being a limited liability company. We chose on behalf of the shareholders and with very good counsel to establish ourselves as a limited liability company. So we established based on a capitation basis for all of the shareholders, they invested based on the number of patients they have in their practice. They’ve established the initial capital input of Taurus. We were able to leverage some seed enterprise incentive scheme and some enterprise incentive scheme tax incentives and I would encourage anybody who is considering establishing one of these organisations to look at ways, what are the tax opportunities that are available to them at that stage. We then started to deliver some primary care at scale activities which were well costed and well thought through and once we had delivered those we had accumulated a war chest. And from that war chest we’ve gone onto fund our engagement and other activities. So we have a pool of shareholder funds and we have a pool of operational funds and the two, whilst they sit in separate accounts, they are collectively the value of the company. 

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Graeme Cleland Medical Protection Expert

Graeme Cleland

Graeme Cleland is the managing director at Taurus Healthcare Ltd, a business he set up himself. Here, he helps to provide primary care services at scale, provide out of hospital care to the public and negotiate contracts with the NHS, CCG and regional commissioners.

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