Two new foundation trusts authorised by Monitor2nd February 2011
Monitor, the independent regulator of NHS foundation trusts, has confirmed the following foundation trusts will be authorised from 1 February 2011:
- The Queen Elizabeth Hospital, King’s Lynn, NHS Foundation Trust; and
- Derbyshire Healthcare NHS Foundation Trust
The announcement means there are now 134 NHS foundation trusts in total, of which 41 are mental health NHS foundation trusts.
Having achieved NHS foundation trust status the trust will benefit from a variety of new freedoms:
- NHS foundation trusts are free from central government control and are able to decide how to improve their services;
- NHS foundation trusts retain any surpluses they generate to invest in new services, and can borrow money to support these investments; and
- NHS foundation trusts are accountable to their local communities; local people can become members and governors.
These freedoms mean NHS foundation trusts can better shape their healthcare services around local needs and priorities and the requirements of their primary care trusts.
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Title: Two new foundation trusts authorised by Monitor
Author: Martine Hamilton
Article Id: 17428
Date Added: 2nd Feb 2011