A round up of the latest events and resources to help NHS organisations engage with local economic growth plans and investment opportunities.
Confed17 took place in Liverpool, a city undergoing its own transformation through the local growth agenda.
A session entitled Finance Your Future - What role can the NHS playing in growing local economies? focused on the changes in the external context within which the NHS operates.
With national government increasingly handing down powers and responsibilities to local leaders to drive local economic growth and to reform public services, the session saw presentations from key speakers on the issue.
Duncan Selbie, CEO at Public Health England, and Lord Andrew Mawson, a social entrepreneur, spoke about the need for local health and care leaders to think differently about their role in bringing prosperity to their local communities and their local economy.
Case study: Partnership working in Liverpool
Two leaders from Liverpool City Region’s health and care community also presented during the session.
Dr Liz Mear, CEO of Innovation Agency, discussed the role they play in keeping abreast of these changes at a strategic level. Liz explained how the Innovation Agency has raised the importance of health and wealth locally, bringing in investment which can support public services. Liz also stressed the importance of relationships with traditional and non-traditional partners, in particular alignment with the Combined Authority (and new mayor), and how Academic Health Science Networks (AHSNs) are well positioned to lead on this on behalf of the sector.
Dave Horsfield presented on behalf of the Clinical Commissioning Group (CCG), which operates across the city and in close partnership with others. He focused on the economic value the CCG has brought to the local economy through a variety of non-traditional avenues and with non-traditional partners.
Download the presentations from Dr Liz Mears and Dave Horsfield.
New forms of funding
These free-to-attend workshops explore a range of emerging forms of investment funding relevant to local institutions such as combined and local authorities, universities and NHS organisations.
The programme has been developed by the NHS Confederation, Universities UK and the Higher Education Funding Council for England, with the support of the Local Government Association and PA Consulting.
The focus is on various types of bonds, loan funds and integrated funding approaches which will sustain future strategic infrastructure and site development. As ‘risk-based’ opportunities, they require local institutions to think and act very differently when compared to traditional grant regimes.
The following presentations are available to download from past workshops:
Helping NHS leaders' finance transformation
To support NHS colleagues to understand some of the new funding sources and their mechanisms and challenges, a new online community has been developed on LinkedIn.
The aim of the group is to help develop local, cross-sectoral relations given the increasing understanding of the NHS’ role in local place-based decision-making, and reductions in available capital funding for Sustainability and Transformation Plans (STP).