PARLIAMENTARY WRITTEN QUESTION
NHS Local Improvement Finance Trust (29 November 2018)

To ask the Secretary of State for Health and Social Care, pursuant to the Answer of 15 October 2018 to Question 174763 on NHS Local Improvement Finance Trust, what proportion of that income has been used in supporting Departmental initiatives.

Asked by:
Karin Smyth (Labour)

The income used from dividends and investments in Life Improvement Finance Trust companies in 2017/18 is broken down in the following manner:

- Reinvested in improving local health facilities – 55%

- Used by the Department in supporting departmental initiatives – 32%

- Meet the costs of managing the 49 LIFT companies – 13%

Answered by:
Stephen Hammond (Conservative)
4 December 2018