PART 3

Regulation of health and adult social care services
CHAPTER 6

Financial assistance in special administration cases

Applications for financial assistance

Grants and loans
137
1
Monitor may not provide financial assistance under section 136 in the form of a grant or loan unless it is satisfied that—
a
it is necessary for the provider—
i
to be able to continue to provide one or more of the health care services that it provides for the purposes of the NHS, or
ii
to be able to secure a viable business in the long term, and
b
no other source of funding which would enable it do so and on which it would be reasonable for it to rely is likely to become available to it.
2
The terms of a grant or loan must include a term that the whole or a specified part of the grant or loan becomes repayable in the event of a breach by the provider or special administrator of the terms of the grant or loan.
3
Subject to that, where Monitor makes a grant or loan under section 136, it may do so in such manner and on such terms as it may determine.
4
Monitor may take such steps as it considers appropriate (including steps to adjust the amount of future payments towards the mechanism established under section 134 to raise funds for grants or loans under section 136) to recover overpayments in the provision of a grant or loan under that section.
5
The power to recover an overpayment under subsection (4) includes a power to recover interest, at such rate as Monitor may determine, on the amount of the overpayment for the period beginning with the making of the overpayment and ending with its recovery.