THE health trust which manages Fairfield and North Manchester general hospitals and currently facing millions of pounds of debt is applying for a £17m loan to help tackle the cash crisis.
The Pennine Acute NHS Hospitals Trust, which also runs Rochdale Infirmary and the Royal Oldham hospitals, is £28m in debt and health bosses have warned that up to 800 jobs across the trust are under threat.
Now, three months into the new financial year, the trust is already £3.5m in debt and applying for the £17m loan from the NHS North West, previously the Greater Manchester Strategic Health Authority, to balance the forecast cashflow deficit.
Barry Livesey, acting director of finance, told this month's trust board meeting: "The deficit of £3.5m at this stage of the financial year is in line with our forecast. We were £500,000 overspent by divisions, but that has been offset by a favourable variation in income through more activity and interest received.
"The cash position is better than forecast but we will need a loan of £17 million at the end of the year to offset the forecast cashflow deficit."
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