HEALTH watchdogs have finished their assessment of how managers intend to fund a new £300m hospital for Hartlepool at Wynyard.
Hospital chiefs on the board of North Tees and Hartlepool NHS Foundation Trust were given an update on the project when they met yesterday.
Lynne Hodgson, the trust’s director of finance information and technology, said health regulator Monitor has completed its affordability assessment of the trust’s financial plans for the major project.
A “feedback session” is due to take place between Monitor and the hospital trust soon.
She added the trust was in talks with the Department of Health and is waiting on news of a £100 million contribution from the Government which the hospital trust says is “crucial” to the scheme going ahead.
Ms Hodgson told the board: “The assessment by the Department of Health for the approval of funds for the new hospital is continuing, with the trust awaiting confirmation of time-scales and approvals process.
“The trust is seeking clarification on the approvals process for the required capital contribution as the affordability assessment has been completed on the assumption that £100m contribution will be made available for the private finance scheme, the scheme is not affordable without this contribution.”
The Wynyard hospital, with a target opening in 2017, will replace the sites in Hartlepool and Stockton.