FINANCE: George Eliot Hospital NHS Trust has exceeded its cost improvement plan target for the first quarter of 2011-12, but is yet to identify all the savings it will need to make this year.

The trust made £1.89m of savings in quarter one, against a target of £1.82m. However that only accounts for 16 per cent of the total cost improvement plan for 2011-12.

The trust has so far identified savings worth £8.61m, of which £1m are non-recurrent, against a full-year target of £11.2m.