PARLIAMENTARY WRITTEN QUESTION
NHS: Finance (23 November 2017)
Question Asked
Asked by:
Rachael Maskell (Labour)
Answer
93 trusts drew down a loan or a number of loans under the distressed cash regime over the past 12 months.
The total value borrowed over the period was £3.7 billion. The capital element was £217 million and the remainder was used for running costs.
The following table shows the amount borrowed under the Distressed Cash Regime in total for each month of the last 12 months.
Month | Amount |
December 2016 | £186 million |
January 2017 | £856 million |
February 2017 | £465 million |
March 2017 | £505 million |
April 2017 | £149 million |
May 2017 | £227 million |
June 2017 | £211 million |
July 2017 | £194 million |
August 2017 | £125 million |
September 2017 | £293 million |
October 2017 | £223 million |
November 2017 | £258 million |
The interest rates attached to these loans are either 1.5%, 3.5% or 6%. The 6% rate is usually reserved for those trusts in Financial Special Measures (FSM). However, those coming out of FSM with three months of NHS Improvement benchmarked performance will no longer be charged 6% on further loans.
Answered by:
Philip Dunne (Conservative)
29 November 2017
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.