NHS: Loans

(asked on 22nd February 2018) - 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 amount of (a) loan repayments and b) interest received was by his Department from NHS bodies in each of the last 10 years for which figures are available.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 1st March 2018

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.

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