Today announced details of an allocation of over 2bn of capital investment for the next financial year.

Capital funding is used to acquire and modernise land, buildings and equipment in the NHS and it can only be used for these purposes. These NHS allocations represent an overall increase of 19% over 2005/06 which matches the growth in capital funding awarded for Health in the 2011 Spending Review. The overall growth in the NHS allocation is made up of a 25% increase in operational capital investment which goes directly to NHS Trusts and Primary Care Trusts and a 13% growth in strategic capital which goes to Strategic Health Authorities for larger projects. (more…)