Intended for healthcare professionals


Hospital trust borrows £114m to end private financing deal 19 years early

BMJ 2014; 349 doi: (Published 08 October 2014) Cite this as: BMJ 2014;349:g6060
  1. Zosia Kmietowicz
  1. 1The BMJ

An NHS trust in the north of England has become the first to borrow money to pay its way out of a private finance initiative (PFI) contract, and there are indications that more trusts may follow suit.

Northumbria Healthcare NHS Foundation Trust has borrowed £114m (€145m; $180m) from the local council to pay off the firm that built and ran Hexham General Hospital, which was opened by the former Labour prime minister Tony Blair …

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