Labour’s new Family Doctor Loan Scheme will support doctors and nurse practitioners with low-interest loans to set up new practices or buy into existing ones.
“This is a practical, targeted way to boost locally-owned clinics across New Zealand and strengthen the ones we already have. More doctors in our communities means shorter waits for patients,” Labour leader Chris Hipkins said.
- Up to 50 loans will be available every year, prioritising areas that have no GPs or practices with closed or partially closed books.
- Loans only available for owner and community-operated general practices
- Doctors will have 10 years to repay the loans, which will be interest-free for the first two years.
- The loans will be delivered through the existing Small Business Cashflow Loan Scheme
“Nearly 650,000 New Zealanders can’t afford to see their doctor when they need to, and many others wait too long for an appointment.
“This announcement builds on our plan for three free doctor’s visits, improvements to GP funding, and free cervical screening – all aimed at making it easier for people to get care when they need it.
“It will also complement our plan to free up 4.5 million doctor’s appointments every year.
“The number of doctor-owned practices is falling, as is the number of doctors who work in doctor-owned practices. It’s expensive to start a new practice or buy into an existing one, so our low-interest loans will give doctors the kick start they need to get established.
“Two-thirds of practice owners and partners are intending to retire in the next 10 years, so it’s vital we can support the next generation to keep the doors and books open.
“This scheme is just one way Labour can help ensure healthcare is there where you need it, when you need it,” Chris Hipkins said.