FINANCE: The Norfolk primary care trust expects to fall £6m short of its savings targets for the 2010-11 financial year.
The PCT’s finance report to the March board meeting said savings under the quality, innovation, productivity and prevention (QIPP) scheme were falling significantly short. These have been partially offset by financial recovery plan (FRP) savings, but a shortfall remains.
The report said: “Between QIPP and FRP, £28.2m of savings have been achieved to date, against a planned total to date of £34.9m. The detailed forecast position for QIPP and FRP plans suggests a shortfall of £6.1m against the planned £39.0m for the year.”
The PCT also reported an overall surplus of £726,000 for the first 11 months of the year, “which is slightly below financial plan target of £795,000”.