latest health care news

17.07.17

New £90m DH fund to help SMEs develop breakthrough medical innovations

An £86m package has been announced to fund UK firms to develop medical breakthroughs that could benefit the NHS.

The pot will allow small- and medium-sized enterprises (SMEs) to develop and test innovating technologies in the UK’s health service.

The announcement also marks the first steps forward with the Accelerated Access Review (AAR), an independently chaired review which made recommendations to government on speeding up patient access to new technologies.

Patients are already feeling the benefits of some new technologies, including MyCOPD – an online system that helps people with chronic obstructive pulmonary disease better manage their condition.

“The government’s ambition is that NHS patients get world-leading, life-changing treatments as fast as possible,” said health minister Lord O’Shaugnessy. “That can’t happen unless we support medical innovation and tear down the barriers – like speed to market and access to funding – that can get in the way, especially for SMEs.”

The funding will be split into four parts: £39m to the Academic Health Science Networks, £35m to Digital Health Technology for innovators, up to £6m over the next three years to help SMEs with innovative medicine, and a £6m Pathway Transformation Fund to help integrate new technologies.

Peter Ellingworth, CEO of the Association of British Healthcare Industries, added: “These additional funding initiatives will complement work already in place on Innovation Tariff, NICE processes and horizon scanning as part of the overall AAR.

“The measures could significantly enhance the UK as a destination of choice for MedTech companies, in turn, benefitting patients, the health system and the wider economy.”

Dr Richard Torbett, executive director or Commercial Policy at the Association of the British Pharmaceutical Industry (ABPI), also welcomed the fund, saying: “As more and more small and medium-sized innovators join the ABPI, we continue to encourage and advocate ways to make ground-breaking, cost-effective healthcare technologies available as fast as possible.

“In doing so, patients will not only benefit from improved care, but the NHS will also become more productive and more sustainable in the long term.”

Have you got a story to tell? Would you like to become an NHE columnist? If so, click here.

Comments

There are no comments. Why not be the first?

Add your comment

 

national health executive tv

more videos >

featured articles

View all News

last word

A clear strategy for change is needed for health and social care

A clear strategy for change is needed for health and social care

Nigel Edwards, CEO at the Nuffield Trust, argues that it would be a lost opportunity if the next government does not seek to put both health and social care funding on a more sustainable footing. more > more last word articles >

health service focus

View all News

comment

Hoping for cross-organisational change

21/07/2017Hoping for cross-organisational change

Mark Orchard, president of the Healthcare Financial Management Association ... more >
Making community pharmacy integral to STP solutions

21/07/2017Making community pharmacy integral to STP solutions

James Roach discusses his work with the National Pharmacy Association (NPA)... more >

interviews

Working collectively to improve cancer outcomes for patients

20/06/2017Working collectively to improve cancer outcomes for patients

Last year, the cancer vanguard established the Pharma Challenge. Rob Duncom... more >
681 149x260 NHE Subscribe button

the scalpel's daily blog

Why diversity and inclusion are critical to leading much-needed change in the NHS

12/07/2017Why diversity and inclusion are critical to leading much-needed change in the NHS

Despite 30 years of investment, the equality and diversity agenda hasn’t moved forward at anywhere near the pace we would have liked. Indeed, many colleagues have lost s... more >
read more blog posts from 'the scalpel' >

healthcare events

events calendar

back

July 2017

forward
mon tue wed thu fri sat sun
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

editor's comment

13/06/2017Tackling the major challenges facing the NHS

As you will have gathered from the front cover, a theme that runs throughout this edition of NHE is about empowering and involving the workforce in order to deliver innovative change across the system.  Professor Jane Dacre, president of the Royal College of Physicians, highlights on page 16 the importance of sustainability and transformation partnerships/plans (STPs) being implemented and delivered with clinical input at their core.  And the Health Foundation’s... read more >