NHS England Revised Financial Directions 2024-25 and 2025-26

I am revising the 2024-25 financial directions to NHS England made on 26 March 2024 and setting the 2025-26 financial directions to NHS England. The amendment to the total revenue resource use limit for 2024-25 has been agreed with NHS England as required under section 223D(4) of the National Health Service Act 2006.

The directions reflect recent funding settlements with HM Treasury and include a number of transfers of funding between NHS England and the Department of Health and Social Care. The 2024-25 revisions include additional funding received in-year for the NHS pay awards and other in-year pressures, including elective activity. The 2025-26 total is as set out by HM Treasury at the autumn Budget, but with some additional transfers between NHS England and DHSC. They will be published on www.gov.uk. The existing NHS mandate remains unchanged by these publications.

[HCWS569]