Extra financial support for costly hospital PFI contracts

David Evennett, MP for Bexleyheath and Crayford, has welcomed the announcement that South London Healthcare NHS Trust (SLHT) will receive extra money from the Department of Health to assist with Private Finance Initiative (PFI) costs.

Rt Hon Andrew Lansley MP, Secretary of State for Health, announced last week that SLHT is one of seven Trusts across the country that will receive a share of an extra £1.5billion over the next 25 years, to help ease the problem.

Two of the hospitals in the Trust are subject to PFI contracts – Queen Elizabeth Hospital in Woolwich and Princess Royal University Hospital in Bromley. These expensive deals are placing a financial burden on the Trust and contributing to their high budget deficits.

Commenting on the announcement, Mr Evennett said “Labour’s PFI contracts have caused real financial problems for our National Health Service and they ignored concerns about the vast debts that these deals would cause.

“This extra support is not a complete solution to the problems facing Queen Mary’s Hospital or the Trust as a whole. I still believe that the Trust should be broken up and hope that the plans for a health and wellbeing campus on the Queen Mary’s site go ahead”.