Overcast

Overcast

max temp: 23°C

min temp: 16°C

Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

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

Three quizzed

Police have quizzed three men following allegations that a referee was kicked, spat at and jostled during a stormy Ipswich Sunday morning football league match.

Lois Cordelia painting Pig-geswyk at the La Tour Cycle Cafe in Ipswich.

An Ipswich artist whose design made it into the Pigs Gone Wild art trail has said the project is great for promoting homegrown talent.

The A11 in Thetford.

A motorcyclist is believed to have come off his vehicle on the A11 as a result of spilt treacle on the road.

The SPD says St Nicholas Street is a well managed traditional shopping street with historic shop fronts.

Let’s make the most of the beautiful buildings in Ipswich town centre. That is the message to retailers and other businesses amid concerns that some shop fronts don’t reflect the traditional character of the buildings they occupy.

Ipswich Hospital

Missed appointments at the region’s three main hospitals have cost the taxpayer almost £30million in the last three years, we can today reveal.

Wayne Savage interviews Olly Murs on his bus during a visit to Anglia Radio in Great Blakenham.

Swanky tour bus, screaming fans; I could get used to this, writes Wayne Savage. Yes, it was Olly Murs’ bus and him they were screaming for but a boy can dream.

Special police officers arrive at the scene after an explosion occurred in Ansbach. (Friebe/dpa via AP)

A suicide bomber who blew himself up after being turned away from a music festival in southern Germany was a Syrian man who had been denied asylum.

Aerial picture of Latitude festival in Henham Park. Photo : Steve Adams

Ten people were arrested at this year’s Latitude festival, police have said.

Parents and children are campaigning for a 20mph speed limit outside St Helen's Primary School.

Parents and pupils from an Ipswich primary school are demanding a new 20mph limit on some of the town’s busiest roads after a series of recent near misses.

The A12 is closed at the M25 junction.

The A12 was closed at the M25 junction this morning due to a crash.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24