Hive Announcement – Interim Funding Payments

With the announcement that the ERO will now be in place and Core Funding will be activated from the 15th September. This announcement means that Interim funding will only be paid to the 14th September with the Core Funding kicking in from the 15th September.

The table below shows the contract cuts offs and subsequent payments for services:

Contracts ReceivedFunding StrandPayment WeeksPayment Issued
COB Monday 22 AugInterim FundingOne week 1- 7 SepFriday 26 Aug
One week 8-14 SepFriday 2 Sept
COB Monday 29 AugInterim FundingTwo weeks 1- 14 SepFriday 2 Sep
COB Monday 5 SepInterim FundingTwo weeks 1-14 SepFriday 9 Sep
Midnight 9 SepInterim FundingTwo weeks 1-14 SepFriday 16 Sep
  • The first Core Funding payments will issue next week for services that have completed the contracting process by accepting the funding agreements. 
  • Payments in respect of the first two weeks of Core Funding (15th September – 28th September) will be providers’ accounts on Friday 16th September for providers who have completed the accepted the funding agreements. 
  • Future Core Funding payments, from 29th September onwards, will be in respect of four or five weekly allocations.
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