NHS Bolton to miss savings target by £4.6m

The primary care trust has a recurrent CIP of £12.1 million, which requires it to make £9.9 million in cash-releasing savings a year. The finance report presented to the primary care trust’s board on December 15, 2010, said that at the end of November 2010 it was £2.6 million behind on that savings programme. This would “be an under delivery of £4.6m by the end of the financial year if trends continue”, it added.

The report continued: “The risk of under delivering against the CIP is currently being offset by utilising the majority of the contingency set aside at the start of the year, delaying investments and identifying further slippage.”

These included total contingency funds of £3.3 million, with another £1.3 million found by delaying investments and identifying further slippage.

It added: “Any additional under delivery would require further measures to be identified to ensure that the PCT meets its financial targets in 2010/11. It should be noted that any under delivery in this year will increase the size of the financial problem in 2011/12.”