FINANCE: Nottingham University Hospitals Trust was 41 per cent behind on its cost improvement plan a month into the new financial year.
The CIP plan for April was for savings of £2.727m but against this there was a shortfall of £1.116m.
The trust’s CIP target for 2011-12 is £35m, with a stretch target of £40m. A further £3.857m is brought forward from 2010-11. In total, £26.5m of schemes have been identified against the £35m 2011-12 CIP target, of which £3.1m are high risk.
However, a number of CIP schemes are still being worked up and as yet do not have defined timelines for delivery.
Nottingham University Hospitals Trust, performance report
2 June 2011