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Three new foundation trusts authorised by Monitor
Monitor, the independent regulator for NHS foundation trusts, has confirmed the following foundation trusts will be authorised from 1 December 2009:
- Liverpool Heart and Chest NHS Foundation Trust;
- Northumberland, Tyne and Wear NHS Foundation Trust; and
- Royal Surrey County NHS Foundation Trust.
The announcement means there are now 125 NHS foundation trusts in total, of which 37 are mental health NHS foundation trusts.
Having achieved NHS foundation trust status these trusts will benefit from a variety of new freedoms:
- they are free from central government control and are able to decide how to improve their services;
- they can retain any surpluses they generate to invest in new services, and can borrow money to support these investments; and
- they 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.
Notes to editors
- For media enquiries please contact Michael Moruzzi on 020 7340 2438.
- Monitor authorises and regulates NHS foundation trusts ensuring they are well-managed and financially viable in order to deliver high quality healthcare for patients.
- Monitor was established in January 2004. It is independent of government and accountable to Parliament. Monitor’s functions and powers are set out in the National Health Service Act 2006.