Valuations for GP premises sustainability loan in Scotland circulated

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  • Valuations for GP premises sustainability loan in Scotland circulated

    Valuations for GP premises sustainability loan in Scotland circulated

    Wednesday, 25 July 2018 14:03
  • Doctors reminded to preserve patient records for UK Infected Blood Inquiry

    Doctors reminded to preserve patient records for UK Infected Blood Inquiry

    Friday, 20 July 2018 14:51
  • NAO gives NHS vanguards a mixed review

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    Monday, 02 July 2018 16:45
  • Scotland to expand international recruitment for doctors and nurses

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    Friday, 22 June 2018 16:07
  • GP trainee round 1 recruitment increases 10%

    GP trainee round 1 recruitment increases 10%

    Tuesday, 19 June 2018 17:53

a scottish flag image cbJuly 25 2018

New valuations for GP premises in Scotland have been circulated to health boards for the GP premises sustainability loan scheme. 

The figures which will be sent to the individual practices can be used to:

  • calculate the amount that each GP contractor who successfully applies for a GP Sustainability Loan is entitled to receive, an entitlement of 20% of the value of the premises;
  • calculate whether the GP contractor has equity in its premises or not, to help decide how the loan is to be used.

Setting out the details in the circular DL (2018) 15, the Scottish Government’s Primary Care Division’s Deputy Director, Richard Foggo, said: “GP Sustainability Loans are intended to address issues relating to the ownership of practice premises by GP contractors. In many cases, a building will be the most valuable single asset of a medical practice and the mortgage secured against that building will be the single largest liability.”

Among the factors that will have a bearing are the nature of the GP partnership and any changes in membership, premises ownership, the sale of goodwill, and the valuation of the medical practice.

Link:
Scottish Government letter: DL (2018) 15 ‘GP premises sustainability loan scheme 2018-19: valuations and further advice on loan scheme’ July 19 2018              

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