FINANCE: The Department of Health has approved £11.7m “public dividend capital” funding for financially troubled Bolton Foundation Trust, the provider’s latest finance report states.

Bolton recorded a year to date deficit of £2.3m for the first two months of 2013-14, and aims to keep its full year deficit to no more than £7.8m.

At the end of May its cash balance of £4.3m. Its finance report states that the FT would draw down £1.25m in June, £2m in July, £3.75m in August and £4.25m in September.

It added that the DH had “approved £11.7m of funding”.