Hospital looks to pension funding
Instead, officials at the trust have been “refreshing the outline business case regarding the financial model and affordability”, according to commercial director Kevin Oxley.
“Monitor are coming in to do an assessment as the foundation trust regulator as they have to sanction any material transactions,” he continued.
In January last year, the trust’s directors approved a revised business plan that suggested using the PFI model – claiming it was more cost-effective than the previous proposal to publicly fund the £300m development.
However, the trust was warned later in the year that the future of the scheme could depend on the Treasury’s review of PFI, which is not expected to be concluded until this summer.
The trust hopes to develop the latest outline business case by the end of June, with the board giving final approval in the summer, Oxley said.
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