Revenue allocations covering 2006-07 and 2007-08 were announced to primary care trusts (PCTs) on 5 February 2005. Over the two years covered by this allocation PCTs will receive an average increase of 19.5 per cent. They are therefore able to plan to take account of the principles set out in the “Our health, our care, our say” White Paper and the wider programme of health reform, knowing how what resources they have available. In delivering wider reform, PCTs have the support of modernisation teams in strategic health authorities. These teams have an important role in ensuring the delivery of improvements in local health and social care services that maximise all opportunities and available resources.
A reduction to London primary care trusts (PCT) 2006-07 revenue allocations of 3 per cent. would amount to around £320 million. Reserves generated to manage the overall financial position are currently being held by strategic health authorities (SHAs). The final amounts and terms for the use of the reserves will be for local agreement between the SHA and PCTs, within a framework agreed with the Department.