The NHS Confederation was the first NHS organisation to support NHS bodies to understand their role as anchor organisations in the local economy. We have worked with the Local Government Association, HEFCE, and Universities UK on an exciting development called the Local Growth Academy.
Why a Local Growth Academy?
Across the country institutions from the public, health and higher education sectors have built effective partnerships which are fundamental to the success of their local economies. Many of these partnerships are making good use of existing investment finance from a wide range of sources, recognising the increasing fiscal constraints of national public finances.
However, the structure of investment finance is changing, with a range of new mechanisms that reflect an increased focus on local economic partnerships and performance. These trends require institutions to think differently and engage with external stakeholders in new ways.
The purpose of the Local Growth Academy is to support universities, local and combined authorities and NHS organisations in navigating this fast-evolving environment, and to build operational capacity in order to maximise their contribution to and involvement in local developments. Benefits will include:
- Better understanding of the range of new infrastructure financing mechanisms emerging
- An increase in the number and value of projects which attract new forms of investment finance
- Building the individual and collective capacities of NHS organisations to act as more sophisticated clients when developing large-scale collaborative projects
- Strengthening and sustaining collaborative capacity across different institutions
- Sharing innovation and best practice
The strength of the Academy is in the breadth of issues, and colleagues, it brings together.
We have previously held several regional and national modules to support place-based working across anchor institutions. Modules 1 and 2 focused on the role of place, devolution, project development, new forms of financing, the localisation of fiscal policy, inclusive growth, working with private partners and strategic organisational choices.
Find out more about modules 1 and 2, and take a look at module 3. You can also find further information in our FAQ.
Local Growth Academy conference
The first Local Growth Academy conference was held on 28 March 2018 at Woburn Conference Centre in London and focused on the Industrial Strategy.
We will promote further modules as they are developed. To discuss the Local Growth Academy and its work please contact Michael Wood, Head of Health Economic Partnerships on 07872 604109 or at Michael.Wood@nhsconfed.org