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£42.5m of debt written off for NHS in Cornwall

£42.5m of debt written off for NHS in Cornwall

Published by Sarah Yeoman at 6:35am 8th April 2020. (Updated at 7:30am 8th April 2020)

Over £42.5 million pounds' worth of debt is being written off for the NHS Cornwall.

The Royal Cornwall Hospitals Trust will benefit as part of a big £13.4bn national debt write off, announced by the government.

Officials say that cancelling this debt will provide much needed financial support during this unprecedented viral pandemic, as well as laying secure foundations for the longer-term commitments set out last year to support the NHS to become more financially sustainable.

The debt write-off is part of a package of major reforms to the NHS financial system, designed in a collaboration between the Department of Health and Social Care and NHS England, which began from the start of the new financial year.

"We’ve advocated for and support this pragmatic move which will put NHS hospitals, mental health and community services in a stronger position - not just to respond to the immediate challenges of the global coronavirus pandemic, but also in the years ahead to deliver widespread improvements set out in our NHS Long Term Plan."

NHS chief executive, Sir Simon Stevens

Local MPs in Cornwall have welcomed the news saying RCHT will now be able to invest in maintaining vital services and long-term plans.

“As Parliamentary Private Secretary to the Secretary of State for Health and Social Care I have been working closely with the Ministerial team at the Department of Health and Social Care to bring about these changes.”

“Getting rid of this £42.5million debt will free Royal Cornwall Hospitals NHS Trust up to invest in maintaining vital services and longer-term infrastructure improvements, absolutely essential during both the current COVID-19 pandemic and for long term future planning.”

“This debt which has been built up over a number of years has been a difficult issue for the NHS in Cornwall and it is great that we will now be free from it. I will continue to work with colleagues to ensure these national reforms are delivered and that Cornwall’s NHS services continue to get the support we need.”

Steve Double, MP for St Austell and Newquay

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