Explain how Assura will provide start-up capital and working capital to each local GPCo?
When a GPCo is formed and the legal arrangements have been entered into, Assura will provide the partnership with start-up capital of 2 per patient with the contributions being a minimum of 100k and a maximum of 300k. This money can then be used by the members of the partnership for all costs associated with the setting up and running of the company and to help it develop a sustainable business plan. This includes paying GPs for their time for attending board meetings, employing the local Business Development Manager (BDM) (who runs the company on a day to day basis) and employing/training other key administrative staff, installing specialist IT and start-up. Should more capital be required, in accordance with the business plan, Assura will provide this by way of a loan at a rate of 1% over the base rate. For the avoidance of doubt, GP and clinical members will not be required to contribute capital and any loan made to the Assura GPCo will be risk free to those members.
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