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Costs
Q. How much more will the GPhC cost as a regulator compared with the costs of the RPSGB regulatory activities?
A. The Department of Health commissioned an independent evaluation of the economic consequences of establishing a new regulator for pharmacy. A range of potential costs was identified depending on how the regulator was set up. The Government has provided £5.9 million towards transitional funding associated with establishment of the GPhC. The Pharmacy Regulation and Leadership Oversight Group has also provided advice on the financial aspects of establishing the new regulator.
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A. In the short term there will be no substantial change in the regulatory responsibilities that will pass from the RPSGB to the GPhC. There is therefore no expectation that the cost of regulation will change in any substantial way.
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