Part 2Health service bodies

Chapter 5NHS foundation trusts

Functions

46Financial powers

1

An NHS foundation trust may borrow money for the purposes of or in connection with its functions.

2

But the total amount of the NHS foundation trust's borrowing is subject to the limit imposed by its authorisation.

3

The limit must be reviewed annually by the regulator.

4

An NHS foundation trust may invest money (other than money held by it as trustee) for the purposes of or in connection with its functions.

5

The investment may include investment by—

a

forming, or participating in forming, bodies corporate,

b

otherwise acquiring membership of bodies corporate.

6

An NHS foundation trust may give financial assistance (whether by way of loan, guarantee or otherwise) to any person for the purposes of or in connection with its functions.