Royal Free London to be authorised by Monitor to become an NHS foundation trust
Monitor, the independent regulator of NHS foundation trusts, has confirmed the following foundation trust will be authorised from 1 April 2012:
- Royal Free London NHS Foundation Trust
The announcement means there are now 144 NHS foundation trusts in total, of which 41 are mental health 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 commissioners.
Notes to editors
- For media enquiries please contact Nick Samuels on 020 7340 2446.
- 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.
- Monitor is now on Twitter - follow us @MonitorUpdate.