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NHS Property Services: Debts

Department of Health written question – answered on 23rd November 2016.

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Photo of Karin Smyth Karin Smyth Labour, Bristol South

To ask the Secretary of State for Health, what progress NHS Property Services has made on reducing its level of debt to his Department in the last two years.

Photo of Philip Dunne Philip Dunne The Minister of State, Department of Health

NHS Property Services borrowed £241 million against its original £350 million flexible loan facility with the Department during 2013/14, which was repaid in full by April 2015. The Company has since borrowed £100 million against its current £160 million flexible loan facility, which the Department provides to assist with the Company’s working capital requirements.

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