RCHT debt to be rescheduled

Posted on: 23rd March 2015


RCHT Truro resized


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”.