Department of Health

Website of the Department of Health

Please note that this website has a UK government access keys system.

Finance

  • Last modified date:
    31 July 2008

NHS Foundation Trusts are financially independent organisations with greater freedom over the way they conduct their finances. They are free to manage their own budgets to shape the healthcare services they provide to better reflect local needs and priorities.

NHS Foundation Trusts also have the freedom to retain surpluses and to invest in the delivery of services and access a wider range of options for capital funding based on their ability to service borrowing. These freedoms are balanced by safeguards designed to ensure that NHS Foundation Trusts treat NHS patients according to NHS principles and standards.

Foundation Trust Financing Facility ('FTFF')

Published: 31 July 2008
Gateway reference: 10348

NHS Foundation Trusts may apply for loans to finance long-term capital expenditure from the FTFF. Loans are subject to an affordability-based appraisal process and approved by an independent credit committee appointed by DH.

Public Dividend Capital (PDC) guidance for NHS Foundation Trusts for 2008/09

Published: 31 July 2008
Gateway reference 10349

Public Dividend Capital (PDC) is available in 2008/09 to finance capital expenditure on schemes supported by DH central capital budgets, and to purchase assets from other NHS organisations by means of a 'circular flow of funds' arrangement. The attached document is intended primarily for NHS foundation trust directors of finance and their staff.  It explains the basis on which PDC is available, and gives details of how to apply to the Department of Health for PDC.

Access keys