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Debt write-off for our local NHS Trust
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Barking, Havering and Redbridge University Hospitals NHS Trust to have £245,378,000 of debt written off to support coronavirus efforts.
- The Government is writing off £13.4 billion of NHS debt across England.
More than 100 NHS hospitals will be rid of historic debt, freeing them up to invest in maintaining vital services and longer-term infrastructure improvements.
The announcement comes alongside a new NHS funding model, which ensures the NHS has the necessary funding and support to respond to the coronavirus (COVID-19) pandemic.
The changes will provide much needed financial support during this unprecedented viral pandemic, as well as laying secure foundations for the longer-term commitments set out last year to support the NHS to become more financially sustainable.
This is part of a package of major reforms to the NHS financial system, designed in a collaboration between the Department of Health and Social Care and NHS England, which will begin from the start of the new financial year.
This package is launched in combination with a simpler internal payment system to help NHS trusts in dealing with the coronavirus (COVID-19) response, which was agreed with NHS England last week.
This significant change will mean hospitals will get all the necessary funding to carry out their emergency response, despite many hospitals cancelling or limiting their usual services such as elective surgery or walk-in clinics due to the virus.
The Government continues to support and protect the NHS throughout the coronavirus outbreak, by:
- Ensuring the NHS has any extra resources it needs to tackle the virus, including access to a £5 billion Covid-19 Response Fund.
- Increasing the capacity of the NHS, with new, temporary NHS Nightingale Hospitals opening in London, Birmingham, Manchester, Bristol and Harrogate.
- Providing free car parking for NHS workers at hospitals.
- Bringing recently retired doctors and nurses back into the NHS to help bolster our fight against coronavirus.