FINANCE: The north London specialist hospital’s outline business plan anticipates applying for £5.2m in working capital loans in this financial year.

A finance report to the March board said £3m was required “to improve the trust’s liquidity further” and improve the trust’s position to make a foundation trust application in the future.

The report said: “A drawdown of a further working capital loan would allow the trust to be able to meet the liquidity hurdle of 18 working-days required for an FT application in 2013/14.

“A capital loan of £2.2m to fund the purchase of a MRI with associated housing costs has also been assumed. Loan requirements for 2012/13 therefore total £5.2m.”