Dr Nigel Watson in his recent report highlighted premises ownership as being one of the key issues threatening recruitment in general practice.
In the background recent figures underline the overall impact of the other major stresses for GPs that add to this pressure. The number of Full Time Equivalent (FTE) Partners in General practice continues to fall at an alarming rate – over 600 have been lost in the year to September 2019 – a reduction in workforce of a further 2% to 28,257 FTEs. Indeed, the loss appears to be accelerating in that the reduction in March to June 2019 was 440 – equal to the loss for the entire year to March 2019.
At the same time income has increased by only 2.5% – slightly less than CPI – but this was more than offset by an overall rise in costs as a percentage of earnings rising to 66.6% – a rise of 0.8% in the year.
The Royal College of General Practitioners has called for extra funding for training GPs increasing the number of new GPs from 3500 to 5000 a year – and a commitment by government to increase the training budget by 3.6% (some £160m pa).
GP Equity Release is designed to help support and provide solutions to partnerships increasingly under pressure especially when partners retire or where there is a need to release cash for partners at any stage of their career.