FINANCE: Imperial College Healthcare Trust has received its Project Diamond funding from the Department of Health, a top-up payment for specialist trusts in London.
A report to the board from the chief executive said: “The trust had a surplus in month of £856,000; a favourable variance of £276,000. The year to date position at month five is a surplus of £2m against a planned surplus of £968,000.
“The improvement predominantly relates to the continued inclusion of funding for Project Diamond.”
It added cost improvement programme was ahead of plan by £500,000 but “despite this good performance the second-half of the year is more difficult and has a higher percentage of CIPs to be delivered.
“At the CIP board future performance was reviewed and therefore some programmes may need to move into special measures should this not improve.”