FINANCE: Derby Hospitals Foundation Trust is to receive a £33m working capital facility following approval from Monitor and Barclays.

The trust was not financially compliant in Quarter one of the financial year and is likely to be placed on monthly monitoring by Monitor. It has a deficit of £4.4m, compared with a planned deficit of £5.5m.

The trading position for April was “strongly impacted” by the number of bank holidays. The quarter one financial risk rating is two.

A plan is in place to resolve the penalty risk of £1.2m related to CQUIN schemes with NHS Derbyshire County.

An additional £9m is at risk from demand management schemes.

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