Preston and Chorley hospitals trust seeks help to slash £58m in spending

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Preston and Chorley hospitals trust seeks help to slash £58m in spending
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The trust that runs the Royal Preston and Chorley and South Ribble hospitals has brought in what it describes as “specialist support” in order to achieve a £58m savings target.

That is the spending cut Lancashire Teaching Hospitals NHS Foundation Trust is aiming to deliver during the current financial year – and it comes on top of the £36.9m reduction in costs the organisation generated in 2023/24, the most it has ever managed to save in a 12-month period. The figures are contained in a briefing sent to stakeholders last month, which has been seen by the Lancashire Post.

The pair pay tribute to the “huge effort” made by staff so far to help improve the financial position – and also acknowledge that the two hospitals for which they are responsible are experiencing increased demand for patient services.

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