The trust, which provides services for patients at King’s Mill, Mansfield Community and Newark Hospitals, has been in special measures since July 2013 and is expected to post a deficit of £32.7 million for 2014-15. Despite having made improvements to the care offered, it is not seeing some patients quickly enough for routine operations.

The trust will now:

• develop a short-term financial recovery plan to address immediate concerns about its financial position
• draw up a long-term financial recovery plan to secure services for patients in the future
• employ a turnaround director
• develop a plan to make sure recent improvements in the time it takes to see patients in Accident and Emergency are maintained in the long-term

Monitor also requires the trust to draw up an action plan for improving the way it is run.

The regulator will continue to monitor the trust’s progress and take further action if necessary.