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NHS Property Services

Question for Department of Health

UIN 108615, tabled on 18 October 2017

To ask the Secretary of State for Health, what criteria he has used to assess requests for additional equity funding beyond the original £125 million for NHS Property Services Limited.

Answered on

26 October 2017

To ensure that property costs payable by commissioners are not fundamentally impacted by the creation of NHS Property Services, certain charges are excluded from the charging policy. These costs are funded directly by the Department as equity funding.

The equity funding is paid to the company on an as required basis and covers the following types of expenditure:

- Irrecoverable VAT and corporation tax;

- One-off costs related to restructuring and specific agreed programme; and

- Funding for approved capital projects.