FINANCE: The Royal Brompton and Harefield Foundation Trust anticipates that “pressure on its liquidity” will mean it may have to get commercial loans for some capital projects.
The specialist heart and lung trust’s annual plan review said: “The trust has a working capital facility of £22m from a commercial bank. Although there has been no drawdown against this facility since 2011 it provides a cushion in the event of an unexpected drain on cash flow and it is intended that this facility will be maintained
“It is also likely that future pressures on liquidity may require that the trust borrows on a project basis to finance capital expenditure for specific items; such borrowings would likely be from commercial lenders although the Foundation Trust Financing Facility is also available.
“The trust currently has a long-term borrowing authorisation from Monitor of £56m although no facility has been arranged at this time.”
Annual plan review (attached, right)