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NHS Property Services

Question for Department of Health

UIN 108517, tabled on 18 October 2017

To ask the Secretary of State for Health, what the terms are of the loan facilities available to NHS Property Services Limited.

Answered on

26 October 2017

The key terms of the NHS Property Services loan facility from the Department are:

- Working Capital Loan up to £160 million (£100 million current loan balance);

- Issued: 1 April 2017;

- End date: 30 September 2018; and

- The interest rate is determined with reference to the National Loan Fund rate prevailing on the day the loan facility is first used by the Company. In the case of the current loan facility the rate is 0.14% per annum.