FINANCE: Foundation trust regulator Monitor today confirmed that Blackpool Teaching Hospitals Trust was no longer in significant breach of its terms of authorisation.

The trust was found in significant breach in November 2010 as a result of deterioration of the its financial performance and weak board governance.

Since being found in significant breach, Monitor said in a statement “the Trust has undertaken several steps to address its financial issues and governance failings, including commissioning independent reviews of governance and undertaking greater board scrutiny of financial matters”.

It added: “The trust has delivered against its financial plan, improved its cash position and has strengthened Board governance.”