Policy background The Long Term Plan funding settlement
In June 2018, the Government announced its intention to work with the NHS in England to develop a ten-year plan for the health service, underpinned by an increase in funding for the NHS in England amounting to a £33.9 billion per year increase in cash terms by the financial year 2023/24. This funding settlement was set out at Autumn Budget 2018.
	This long-term funding commitment aimed to provide the NHS with financial certainty allowing it to plan for the next decade.
	The NHS Long Term Plan was published in January 2019. It sets out how the NHS will develop over the next 10 years, including a move to more integrated care, a greater focus on prevention and changes to ensure financial sustainability.
	The table below sets out NHS England’s revenue funding for each year up to (and including) 2023-24. These figures include the Government’s funding settlement for the Long Term Plan.
NHS England revenue budget
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
2023-2024
Total budget (£bn) in cash terms
114.6
120.8
127.0
133.3
140.0
148.5