FINANCE: Great Western Hospitals Foundation Trust plans to make £7.2m of savings during the coming financial year according to its budget for 2011-12.

The foundation trust plans top cut its spend on agency staff by £1.5m and save £1.9m through capacity reductions.

Board papers state: “The trust savings plan for 2011-12 totals £7.2m . The majority of savings are final-year-end impact e.g. bed closures from 2010-11 and are therefore guaranteed to deliver. Consequently to date directorates have identified savings of £6.16m against the target figure”.

The example of bed closures refers to £1.18m from the closure of 60 beds.

The trust has an income for the year of £184m and is forecasting a breakeven position at the end of the 2011-12 year.

The budget was presented to the board on March 31, however in April the board will be presented with a second budget combining the finances of Great Western Hospitals with Wiltshire Community Health Services, which is integrating with the trust from 1 June under transforming community services.

Source

Great Western Hospitals Foundation Trust - budget 2011-12

Source date

31 March 2011

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