After three years of building work the new Peterborough City Hospital is now open.
Peterborough: Bailout For City Hospital
The debt-ridden NHS trust that runs Peterborough City Hospital has been given £46 million.
The government funding will go towards the cost of running the hospital during the next year.
Peterborough and Stamford NHS Hospital trust is currently around £56 million in debt.
The trust is currently making payments to cover the cost of Peterborough City Hospital, which opened in November 2010 at a cost of £289 million.
It was funded by a Private Finance Initiative (PFI) investment of £335 million, which also paid for the Cavell Centre and City Care Centre.
Peter Reading, Interim Chief Executive of the trust said: "This is extremely positive news for the Trust.
In the last month we have succeeded in two objectives: receiving an acknowledgement by the Treasury that there are some Trusts with unaffordable PFI payments, and receiving the short-term funding that we required."
Michael Danaher Was Deeply In Debt When He Killed Oxford Historian
Cambridge Black Watch ReCreate Michael Jackson's Thriller
Steven Stocks Found Guilty After A Six Day Trial
3 Decades Old Trains Get 21st Century Improvements
Recently Played Tracks
Deposit £10 to get a £40 Welcome Bonus - That's £50 to play bingo, slots and more!*
Over 50 tracks to make you feel-good. New album out now...
Find your local four day weather report here.
What's happening on the roads where you are?
Make Heart the soundtrack to your day and you could be a winner with great prizes up for grabs throughout the day.
Find out more about some of the companies advertising on Heart.
Get some great ideas on how to advertise your business on radio, online and on mobile.