FINANCE: Proposed changes to education funding will lead to a future loss of education and training income of £7.7m over a three year period.
Further information has been received from the Strategic Education Funding Expert Group at the Department of Health, relating to the phased implementation of the proposal.
Subject to agreement by the NHS Operations Board, the impact will be phased over a four year period. The impact on the trust under this proposal will be limited to £3.5m by 2015-16 and the impact in 2012-13 will be less than £1m.
A further detailed update will be provided when the “transitional arrangements” have been confirmed.
Nottingham University Hospitals Trust, finance report
1 December 2011