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NHS: Finance

Volume 465: debated on Thursday 25 October 2007

To ask the Secretary of State for Health pursuant to the presentation entitled Financial Regime, given at the Financial Management and Reporting Steering Group meeting on 23 March 2007, which trusts were issued loans on 22 March 2007; and what the value was of each loan. (159833)

The national health service trusts issued loans on 22 March, and the value of these loans are provided in the following table.

NHS trust name

Loan value (£000)

Ashford and St. Peter’s Hospitals NHS Trust

14,700

Avon and Wiltshire Mental Health Partnership NHS Trust

5,000

Barnet and Chase Farm Hospitals NHS Trust

17,500

Bolton Hospitals NHS Trust

4,500

Brighton and Sussex University Hospitals NHS Trust

29,322

Chelsea and Westminster Hospital NHS Foundation Trust

6,250

East and North Hertfordshire NHS Trust

7,800

East Cheshire NHS Trust

7,000

East Sussex Hospitals NHS Trust

4,000

Epsom and St. Helier University Hospitals NHS Trust

14,000

George Eliot Hospital NHS Trust

6,800

Heatherwood and Wexham Park Hospitals NHS Trust

3,000

Hereford Hospitals NHS Trust

3,279

Hull and East Yorkshire Hospitals NHS Trust

10,896

Humber Mental Health Teaching NHS Trust

1,500

Ipswich Hospital NHS Trust

23,400

Leeds Teaching Hospitals NHS Trust

6,604

Mayday Healthcare NHS Trust

11,000

Mid Essex Hospital Services NHS Trust

23,400

North Bristol NHS Trust

52,000

North Cheshire Hospitals NHS Trust

8,800

North Cumbria Acute Hospitals NHS Trust

12,000

North Middlesex University Hospital NHS Trust

15,000

North Tees and Hartlepool NHS Trust

10,000

North West London Hospitals NHS Trust

23,830

Northampton General Hospital NHS Trust

5,600

Nottingham University Hospitals NHS Trust

9,600

Nuffield Orthopaedic NHS Trust

1,000

Oxford Radcliffe Hospital NHS Trust

19,986

Oxfordshire and Buckinghamshire Mental Health Partnership NHS Trust

2,500

Plymouth Hospitals NHS Trust

8,415

Princess Alexandra Hospital NHS Trust

13,650

Queen Elizabeth Hospital Kings Lynn NHS Trust

6,300

Rob Jones and A Hunt Orthopaedic NHS Trust

3,400

Royal United Hospital Bath NHS Trust

38,000

Sandwell and West Birmingham Hospitals NHS Trust

9,000

Scarborough and North East Yorkshire NHS Trust

7,646

Shrewsbury and Telford Hospital NHS Trust

12,299

South Central Ambulance Service NHS Trust

1,115

South Tees Hospitals NHS Trust

28,000

South Warwickshire General Hospitals NHS Trust

18,500

Southampton University Hospitals NHS Trust

25,000

St. George’s Healthcare NHS Trust

34,000

Surrey and Sussex Healthcare NHS Trust

56,000

The Royal West Sussex NHS Trust

23,000

Trafford Healthcare NHS Trust

1,700

United Bristol Healthcare NHS Trust

20,300

University Hospitals of Morecambe Bay NHS Trust

6,500

West Hertfordshire Hospitals NHS Trust

11,200

West Suffolk Hospitals NHS Trust

1,950

Whipps Cross University Hospital NHS Trust

36,094

Winchester and Eastleigh Healthcare NHS Trust

5,000

Worcestershire Acute Hospitals NHS Trust

25,000

Worcestershire Mental Health Partnership NHS Trust

5,632

Worthing and Southlands Hospitals NHS Trust

17,005

Yorkshire Ambulance Service NHS Trust

2,908

Total

777,881

To ask the Secretary of State for Health pursuant to the presentation entitled Financial Regime given at the Financial Management and Reporting Steering Group meeting on 23 March, whether the loans issued on 22 March affected the financial position in 2006-07 of the trusts to which they were issued. (159950)

The interest accruing in 2006-07 on the loans let to National Health Service trusts on 22 March 2007 totalled £l million.

The assurance and authorisation process in respect of working capital loans ensured that the repayment of the loans was linked to improved financial performance by the NHS trusts. Interest costs and principal repayments in future years should therefore be financed through this improvement in the retained surpluses of the NHS trusts.