PSNC has reached agreement with the NHS on a community pharmacy funding settlement worth £2.8 billion for the 2015/16 financial year.

As last year, £2bn of the agreed funding will be delivered through fees and allowances with £800 million to be delivered through agreed purchase margins. It is not yet clear what changes will need to be made to the Drug Tariff in October 2015 to ensure the correct delivery of the agreed fees, allowances and purchase margin. As always any adjustments will depend on the outcomes of the Margins Survey and PSNC will work to ensure full and fair delivery of the agreed funding to contractors. Contractors will be informed of any changes to Category M prices and/or Practice Payments in due course. The following briefing contains more details about the agreed funding.

PSNC Briefing 036/15: The 2015/16 Settlement Agreement and Funding (July 2015)

If you have any queries on this PSNC Briefing or you require more information, please contact Mike Dent, Director of Pharmacy Funding.

To browse other PSNC briefings on funding and statistics click here.