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You are in: Home > Have Your Say > Glossary > NHS Scotland Financial Terms

NHS Scotland Financial Terms

Explanations of some common financial terms used in relation to healthcare.

Words with capital letters are listed individually to allow further understanding. You can search this page using Ctrl + F.

BLF—Big Lottery Fund

Funds available for healthcare from the money raised by the national lottery

EPA—Enduring Power of Attorney

Legal document which entitles another person to deal with your financial affairs during ill health

JIP—Joint Investment Plan

An agreed distribution of money by the local authority to improve the quality of life of the local community

NOF—New Opportunities Fund

Outdated term for the Big Lottery Fund (BLF)

Overspend

Amount by which a project has gone over budget

PFI—Private Finance Initiative

Using money from private investors for a public facility

Pump Priming Fund

A small sum of money used to start a project

Ringfenced

Money released for a specific purpose

Slippage

Unallocated monies held by an organisation

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