Sunny

Sunny

max temp: 5°C

min temp: 1°C

Search

Ipswich: Future looking brighter for hospital as announcement made of £7.5m support to rectify its position - now bosses look to the future

13:52 31 January 2014

Ipswich Hospital

Ipswich Hospital

The bleak financial outlook of cash-strapped Ipswich Hospital took a turn for the better yesterday as it emerged the trust has been awarded more than £7million to help rectify its position.

Finance chiefs at the Heath Road site have now made the bold prediction of being debt free by the end of this financial year – a welcome tonic for the hospital’s board which has been dealing with a spiralling debt over the last nine months.

At one point it was mooted a £3m loan may have been needed to plug the hole in the hospital’s finances.

But with bailout funds totalling £7.5m, which have come from NHS England, and a host of savings already being made, the trust’s management says it is more positive about the future.

Speaking at the hospital’s board of governors monthly meeting yesterday, Paul Scott, director of performance and finance, said: “The cash position remains tight but we won’t need to get a loan because we have the additional income.

“We will be debt free by the end of this year.”

Before the funds were awarded, the trust was shouldering a deficit of £7.2m.

To be given the cash, the trust needed to make a number of savings and prove to NHS England that it was capable of being financially stable and sustainable.

Within the savings programme was a decision to reduce the amount of money the hospital spent on agency and temporary staff by appointing more people to permanent roles.

Nick Hulme, chief executive, said the funds showed that other people have recognised the “success of the savings programme” but he stressed that thoughts were already turning to next year to maintain the position.

He added: “We had a very challenging internal cost improvement programme and we have delivered against that.

“It (money) gives us support so we have got a bit of time to get longer term financial stability.

“It is a credit to everybody”.

In a statement, NHS England said it had been agreed that £7.5million of additional funding would be awarded to the Trust.

The statement added: “These monies will be passed to NHS Ipswich & East Suffolk Clinical Commissioning Group who will now commence contract discussions with Ipswich Hospitals NHS Trust to establish how this resource can be utilised to support its transformation agenda.”

0 comments

A crewman has died after a boiler backfired in the engine room of the Manhattan Bridge container ship as it was docking at Felixstowe port last night – causing an “explosion”.

Urgent improvements have been demanded of three food businesses in east Suffolk, according to hygiene inspection reports.

Animal welfare charities in Suffolk have urged caution over who found pets are given to after reports of a woman in Ipswich posing as an animal welfare officer to obtain a cat found by a homeowner in their garden.

Beach huts, morning runs and golden sand. Not exactly the Felixstowe you might be expecting in January.

Labour’s shadow trade and industry secretary Clive Lewis has visited Ipswich to encourage party members as thoughts start to turn towards this year’s election.

Today the sun is taking the edge off the biting January winds in Suffolk, the perfect winter’s day.

More than half the homes in Suffolk are in the bottom two council tax bands it has emerged.

A Suffolk man has been evicted from his hospital bed by court order after he “unnecessarily” refused to leave for more than two years.

National news this week have flagged up a shortage of courgettes in UK supermarkets. This will consequently affect prices with courgettes – and many other vegetables – becoming more costly.

A half of one of the world’s rarest coins is to be auctioned off in Suffolk next weekend.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24