Crossword Genius

Developing hospital backed with little money (7)

Ross

I believe the answer is:

nascent

'developing' is the definition.
(I've seen this before)

'hospital backed with little money' is the wordplay.
'hospital' becomes 'san' (I've seen this before).
'backed' is a reversal indicator.
'with' is a charade indicator (letters next to each other).
'little money' becomes 'cent' (I've seen this before).
'san' in reverse letter order is 'nas'.
'nas'+'cent'='NASCENT'

(Other definitions for nascent that I've seen before include "Budding early" , "Starting to grow" , "in early stages" , "Coming alive" , "being developed" .)

I've seen this clue in The Times.
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