Saturday, 21 July 2018

Hospital loan talks

TALKS have been held to secure the redevelopment of Townlands Hospital in Henley after problems with its funding were revealed.

TALKS have been held to secure the redevelopment of Townlands Hospital in Henley after problems with its funding were revealed.

A meeting was held yesterday (Thursday) between the Department of Health and insurance company Aviva, which had been stalling on the release of a £7million loan towards the cost of the new “health campus”.

The company fears its investment could be devalued by the abolition of primary care trusts. The move means that the loan, which would be repaid by developer Amber Solutions for Care with a 25-year lease of the buildings to the Oxfordshire trust, will not be guaranteed by the Treasury.

An Aviva spokeswoman said: “We hope to reach a solution that benefits both parties.”

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