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.

F1(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(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.