How the Department of Health can provide loans, public dividend capital or guarantees of payment to Foundation Trusts and NHS Trusts.
Under Section 40 of the NHS Act 2006, the Secretary of State may give financial assistance to any NHS Foundation Trust. He has similar powers to provide financial assistance to NHS Trusts under Schedule 5 of the NHS Act 2006.
This document provides guidance on how the Secretary of State may exercise his powers to provide financial assistance to FTs and NHS Trusts. It covers:
- the type of finance that may be provided
- how to request financial assistance
- criteria for deciding whether and how to provide financial assistance
- the terms and conditions that may be applicable to finance that may be provided