New to Partnership Payment Scheme £20000+ golden handshake?

A new scheme came out earlier this year to try encourage more GPs to take on partnership roles. In it, it promised up to £20,000 for new GP partners who signed up after April 1st 2020. Things slowed down due to Covid19 but details about the scheme have just been released which can be found here but below is the breakdown.

• Starting from 1st July, new to partnership GPs will be eligible for a sum of up to £20,000 for a full-time GP (37.5 hours a week). Also included will be 20% to go towards tax and national insurance.
• Participants must be new to partnership, and be joined as a profit sharing partner. 

 

• The hours to sessions are in the table above. It appears full time is equivalent to 9 sessions (4.5 days). 

• The amount given will be pro-rota depending on many hours you do.
• Participants must deliver a minimum of two clinical sessions per week (4hr 10 mins each) in their general practice partnership setting (other than when on annual leave or on short-term sickness) for the five year duration 
• In joining the scheme the participant agrees to an annual eligibility check and reconciliation process.

• If you leave within 5 years, you have to pay back a percentage of the original sum.
• You are allowed to move practice as long you move in a partnership role.
• In order to support all new partners, a £3000 training grant is available to every participant, regardless of number of hours worked. In return, recipients must maintain their partnership role for a minimum of one year otherwise they will not receive reimbursement of costs paid. 

• Training must support skills related to the delivery of a partnership role. See above for various areas this might apply.

To see more details or apply, you can go to the NHS England website here.

The timing of this, with the Covid19 pandemic, will likely attract a lot of GPs to be new partners, but I can't see many surgeries with their reduced need for manpower, needing them. Guess we'll see...

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