NHS Trusts: Loans
(asked on 5th June 2019) - View Source
Question to the Department of Health and Social Care:
To ask the Secretary of State for Health and Social Care, what the total value is of loans paid to NHS trusts; when his Department expects those loans to be repaid; and what the length of the term is of those loans.
The position on the loans that the Department has provided to National Health Service trusts (as at 31 March 2018), together with their length of term, is as follows:
Normal Course of Business Loans | £3.00 billion | Term varies, range 4 to 28 years |
Interim Capital Loans | £0.65 billion | Term varies, range 5 to 25 years |
Interim Revenue Loans | £7.35 billion | Term is 3 years |
The figures for 2018-19 will be released with the Department’s Annual Report and Accounts, in July 2019.
In 2018-19 the Department agreed extensions to many of the interim revenue loans that were due during the financial year and will continue to take refinancing decisions on loans due in the coming year, in light of the NHS’s wider financial position.