7.1 Full Business Case (FBC) approval from the Scottish Government Capital Investment Group must be sought for a scheme before it proceeds to financial close. Information on what should be included in the FBC is detailed in the Business Case Guide.
7.2 For an FBC to be given approval, the deal should be in such a position that will enable full financial close to be reached within two months after approval. This means that financiers' due diligence should have commenced prior to FBC approval.
7.3 Other important considerations include:
• all of the consortium members must be identified. This includes the builder, the maintenance and facilities management providers, IT and major equipment providers, and any other key private sector stakeholders in the scheme such as property developers and private patients unit operator;
• the consortium must have selected debt, junior debt and if applicable, equity providers (each of whom should be identified) and the NHSScotland body should confirm that the key contractual terms have been accepted by them. Alternatively, if bond financing is to be used then the consortium should have demonstrably clear arrangements for this;
• the consortium must have confirmed their acceptance of the NPD principles and the NPD related documentation is well progressed. This will include areas such as the mandatory clauses to be included within the Memorandum and Articles of Association and the management incentives to ensure donations are delivered.
• up to date confirmation of explicit NHSScotland body support must be given for the scheme;
• the NHSScotland body must be fully satisfied with the quality of the services to be provided, including the facilities associated with them. This means that 1:200 designs must have been completed as a minimum. Clinical support within the NHSScotland body for the scheme and acceptance of the quality of services and facilities specified must also be given.