RCHT debt to be rescheduled
Local MP, Andrew George, welcomed news that the Department for Health and its Trust Development Authority has agreed to reschedule Royal Cornwall Hospitals Trust debt – which currently stands at approximately £20m. The Department has agreed to convert this to a 15 year loan which will save the Trust up to £1.8m per annum.
That still leaves the Trust with an additional £7m deficit for this year and an anticipated £5.6 deficit for next year. Nevertheless the rescheduling of the debt is welcome.
Mr George said, “This is a welcome step forward but I shall ask the new Government to write off this debt – something which was inherited from this Trust seven Chief Executives ago. It is time for the Royal Cornwall Hospitals Trust to be able to look forward rather than back”.