Question to the Department of Health and Social Care:
To ask the Secretary of State for Health and Social Care, what rate of interest is applied to loans made by his Department to NHS bodies.
The information requested is shown in the following tables:
Value of new loans issued to National Health Service providers:
2016-17 | £4,151,961,000 |
2015-16 | £3,777,273,000 |
2014-15 | £942,724,189 |
2013-14 | £580,678,218 |
2012-13 | £379,989,000 |
2011-12 | £409,063,125 |
2010-11 | £552,101,400 |
2009-10 | £442,461,600 |
2008-09 | £359,071,000 |
2007-08 | £108,265,000 |
Total amount of loan repayments and interest received:
Loan repayments
2016-17 | £1,312,676,281 |
2015-16 | £1,423,203,805 |
2014-15 | £235,682,193 |
2013-14 | £182,828,547 |
2012-13 | £243,000,334 |
2011-12 | £178,943,605 |
2010-11 | £202,757,139 |
2009-10 | £198,542,221 |
2008-09 | £282,616,045 |
2007-08 | £223,385,871 |
Interest received
2016-17 | £161,036,265 |
2015-16 | £106,055,536 |
2014-15 | £72,355,773 |
2013-14 | £62,903,714 |
2012-13 | £58,682,866 |
2011-12 | £55,931,335 |
2010-11 | £49,023,759 |
2009-10 | £41,806,361 |
2008-09 | £43,010,883 |
2007-08 | £44,335,376 |
Loan balances:
2016/17 | £7,483,010,000 |
2015/16 | £5,018,223,000 |
2014/15 | £2,675,927,000 |
2013/14 | £1,996,033,000 |
2012/13 | £1,615,627,000 |
2011/12 | £1,452,964,000 |
2010/11 | £1,259,563,000 |
2009/10 | £930,208,000 |
2008/09 | £852,214,000 |
2007/08 | £766,080,000 |
Interest rates:
Loans vary based on the purpose of the loan and provider’s financial circumstances. These tend to be National Loan Fund rates for normal course of business loans. For those that are in receipt of interim financial support, the interest rates charged on loans are either 1.5%, 3.5% or 6%. The 6% rate is usually reserved for those providers entering Financial Special Measures (FSM). However, those providers in FSM that deliver three months of NHS Improvement benchmarked performance are no longer charged 6% on further loans.