Pharmacy: Finance
The question
To ask the Secretary of State for Health and Social Care, what assessment his Department has made of the potential impact of the Community Pharmacy Contractual Framework funding settlement for 2024-25 and 2025-26 on future levels of pharmacy closures.
Answered by Stephen Kinnock
The Community Pharmacy Contractual Framework funding settlement for 2024/25 and 2025/26 provides the largest uplift in funding of any part of the National Health Service representing a 19.7% increase, with the total of £3.073 billion committed to community pharmacies.
The individual financial positions of pharmacy contractors are not visible to the Government. It is therefore not possible for the impact on pharmacy closures to be quantified. However, we expect that this significant increase in funding will support contractors and begin to stabilise a sector that has been neglected for too long. This settlement was agreed with Community Pharmacy England as the representatives for the community pharmacy sector.
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