Private Finance Initiative - message from Ruth Brunt, Chief Executive, North Bristol NHS Trust
Thursday, 22 September 2011
We have already embarked on our journey to become a Foundation Trust in December 2012 and the Southmead Hospital PFI will not act as a barrier to us achieving this.
The PFI deal represents good value for money which equates to yearly repayments of less than 7 percent of our overall annual turnover.
This is low compared to other PFI deals and is due to the Trust continuing to run services such catering, domestics and porters rather than transferring these to the PFI provider.
PFI was the only route available for us to build the new acute hospital facilities that patients in Bristol and the surrounding areas so desperately need.
The repayments have been factored into our long-term financial plans so we know they are affordable.