FINANCE: NHS Cambridgeshire needs to find more than £22m of savings before the end of the financial year if it is to breakeven, the board heard.

Even this would mean it had spent all its contingency funds, and would be exposed to financial risks if it then overspent on contracts, director of finance John Leslie warned.

The PCT went into the financial year with an ambitious savings plan of £42m. After seven months it had overspent against plan in a number of areas, including in its acute contract with Cambridge University Hospitals Foundation Trust, although this has been offset by lower than expected spending in other areas.

To achieve breakeven by year end more than £17m of savings need to be found in the acute and specialist budget, the report says.