Department of Health and Social Care: Loans

(asked on 27th February 2018) - View Source

Question to the Department of Health and Social Care:

To ask the Secretary of State for Health and Social Care, how much interest has been paid by NHS trusts and Foundation Trusts on bailout loans from his Department in (a) this year and (b) each of the past five years; where such interest is paid to; and for what purposes such interest payments were subsequently used.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 5th March 2018

Interest paid by National Health Service trusts and foundation trusts on interim financing loans are: £85 million to date in 2017/18 (£54 million for trusts and £31 million for foundation trusts). £74 million in 2016/17 (£45 million for trusts and £29 million for foundation trusts) and £24 million in 2015/16 (£15 million for trusts and £9 million for foundation trusts). Prior to 2015/16, no interim loans were issued.

The interest paid is not lost to the NHS. It is paid to the Department but is channelled back into the NHS through the annual funding provided to the NHS through the NHS England mandate.

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