Pioneering venture launched to help solve 'capital finance conundrum'

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A pioneering new initiative is set to radically transform NHS organisations’ ability to tap into local economic opportunities.

The Local Growth Academy, an exciting cross-sectoral venture, has been launched to help NHS organisations understand how to access the new and emerging finance mechanisms determining local infrastructure planning.

With capital finance severely constrained yet critical to realising the ambitions of local plans, the Local Growth Academy aims to build NHS organisations’ capacity to maximise their contribution and involvement in local developments.

Established by the NHS Confederation, Higher Education Funding Council for England (HEFCE), Universities UK and Local Government Association, the academy will support the NHS to address some of the complexities that come with place-based developments.

Developing understanding, building capacity

The initiative forms part of the NHS Confederation's programme of work to support NHS organisations' involvement in local economic growth.

Bringing together leaders from across the public, health and higher education sectors, the academy will:

  • develop NHS organisations’ understanding of the new infrastructure financing mechanisms emerging
  • increase the number and value of projects which attract new forms of investment finance
  • build the individual and collective capacities of NHS organisations to act as more sophisticated clients when developing large-scale collaborative projects
  • strengthen and sustain collaborative capacity across different institutions
  • share innovation and best practice.

Delivered by public agencies and professional services firms, the academy will open its doors to its first intake in April 2017.

Register your interest

Head to our Growing local economies section for everything you need to know about the academy and to register your interest.

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