William Eichler 16 May 2018

Blackpool considers lending £27.1m to NHS Trust

Blackpool considers lending £27.1m to NHS Trust image

Blackpool Council has proposed loaning a local NHS trust over £27m to help the health body invest in frontline services.

The local authority is considering a £27.1m loan to help Blackpool Teaching Hospitals NHS Foundation Trust restructure its debt.

The council’s Business Loans Fund argued this loan would free the Trust up to invest in frontline services.

The Trust would repay the loan over a 25-year period.

In February 2017, Blackpool Council agreed an increase to its Business Loans Fund from £10m to £100m.

Its first loan after this decision was £9,230,000 to the Trust. The aim was to improve its transformation programme and bolster its working capital.

In total, the Business Loans Fund has paid out £60m to support local businesses.

‘As a council, we have the ability to borrow money at a lower interest rate than others, which can then be lent out to support companies to build, grow and hire,’ said council leader Simon Blackburn.

‘These loans will not only help companies to expand, but the repayments will help support our own budget and maintain our services.

‘This proposal is to assist Blackpool Teaching Hospitals NHS Foundation Trust to restructure its debt which will in turn enable them to invest in front-line services.’

Highways jobs

Executive Chief Officer (five roles)

Highland Council
£91,196
This is your opportunity as Executive Chief Officer to help shape the successful future of this region and champion the citizens of the Highlands Inverness, Highland
Recuriter: Highland Council

Assistant Director Digital Technology & Business Transformation

South Staffordshire District Council
£60,000 – £65,000 per annum package value
Could you lead and inspire us and help us in our journey to transform services and do things differently? Staffordshire
Recuriter: South Staffordshire District Council

Chief Finance Officer

Oadby & Wigston Borough Council
Up to £70,000
Looking for a Chief Finance Officer that not only fills the statutory Section 151 Officer role but work with elected members to... Oadby, Leicester
Recuriter: Oadby & Wigston Borough Council

Lead Engineer [Development]

Knowsley Metropolitan Borough Council
£40,760 - £41,675 per annum
Looking for an exciting new opportunity? Join us in Knowsley’s Major Development Team! Knowsley (Metropolitan borough), Merseyside
Recuriter: Knowsley Metropolitan Borough Council

Principal Engineer [Development]

Knowsley Metropolitan Borough Council
£34,788 - £35,934 per annum
Looking for an exciting new opportunity? Join us in Knowsley’s Major Development Team! Knowsley (Metropolitan borough), Merseyside
Recuriter: Knowsley Metropolitan Borough Council

Local Government News

Latest issue - Local Goverrnemnt News

The March issue of Local Government News explores alternative funding channels that are available to councils beyond the Public Works Loan Board, what hurdles merging councils face in coming together, and how local government is handling GDPR.

This issue also has a special highways and street lighting section exploring how councils can use lighting to embark on their smart city journey and using IoT technology to weather the storm.

Register for your free magazine