Department of Health and Social Care: Loans
(asked on 5th March 2019) - 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) the last 12 months and (b) each of the last five years; where such interest is paid to; and for what purposes such interest payments were subsequently used.
The following table sets out interest paid by National Health Service trust and foundation trusts in each year since the introduction of interim revenue support loans:
| 2015-16 | 2016-17 | 2017-18 | 2018-19* |
NHS Trust | £14,935,544 | £44,356,477 | £69,945,307 | £105,159,539 |
Foundation Trust | £8,783,806 | £29,518,357 | £47,989,946 | £80,059,239 |
Total | £23,719,350 | £73,874,834 | £117,935,253 | £185,218,778 |
Note:
*2018-19 includes interest to be paid in March 2019.
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.