Health service financial regulator has been in talks with private sector
The NHS is considering borrowing from hedge funds to pay for new buildings and equipment because of public spending cuts.
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Jim Mackey, chief executive of financial regulator NHS Improvement, indicated that more money from the government would be his preferred option, but he has also been in talks with private sector lenders who are “keen to lend to the NHS”, as reported in the Times.
However, NHSI rejected a suggestion that an outline agreement had already been reached with at least one hedge fund, saying that this would require Treasury approval.
The British Medical Association recently estimated that NHS Sustainability and Transformation Plans, which have been co-ordinated between local NHS organizations and councils in different parts of England, would require close to an extra £10bn of investment in facilities and equipment.
Yet for two consecutive years the NHS capital budget has been raided to fund day-to-day running costs. In 2016-17, the health department agreed to transfer £1.2bn from its £4.8bn capital budget to support day-to-day spending.
For More Information:- Sarah Neville