FINANCE: Heart of England Foundation Trust made just half of its planned cost improvement plan savings in November.

The trust’s January finance and performance report said: “The challenge of our underlying paybill and delivery of CIP remains with little or no improvement made over the year so far.”

In the “majority of cases” the trust’s financial “rectification plans” “have once again not delivered the improvement in November”, the report said.

That month saw savings of £1.1m against a plan of £2.1m

“If we had delivered all of our plans we would have made a stepped improvement in our underlying cost base in quarter three.

“The main challenge across the rest of this year is a concerted effort on implementation of plans. We have sufficient plans to get us into recurrent balance by the end of this financial year but November’s performance demonstrates further cause for concern.