PARLIAMENTARY WRITTEN QUESTION
NHS Property Services (18 October 2017)
Question Asked
To ask the Secretary of State for Health, what the terms are of the loan facilities available to NHS Property Services Limited.
Asked by:
Karin Smyth (Labour)
Asked by:
Karin Smyth (Labour)
Answer
The key terms of the NHS Property Services loan facility from the Department are:
- Working Capital Loan up to £160 million (£100 million current loan balance);
- Issued: 1 April 2017;
- End date: 30 September 2018; and
- The interest rate is determined with reference to the National Loan Fund rate prevailing on the day the loan facility is first used by the Company. In the case of the current loan facility the rate is 0.14% per annum.
Answered by:
Philip Dunne (Conservative)
26 October 2017
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