NHS leaders tell us their biggest challenge is funding. So it’s welcome that long-term estates funding is under the spotlight. But are you missing out right now on funding that could be available to your organisation?
Lord Darzi’s report in September identified a £37 billion shortfall in NHS capital investment, while the recent Budget announcement of a £1.57bn capital investment allocation over the next financial year.
Even with this and the additional £1bn health capital investment to address maintenance backlog, an aged estate and growing resource pressures are still making it more difficult for us all to fund improvements to buildings and deliver infrastructure strategies.
Added to that is the level of confusion around the many capital and revenue funding methods. 84% of estates leaders surveyed for our new research report stated that barriers to funding are due to a lack of understanding of the options and/or challenges in navigating the application process.
So what more can you do now to better access the funding opportunities on offer and make informed financial choices to release additional capital? Well, quite a bit actually. From deepening your understanding of your funding options to sharpening your skills.
As your strategic estates partner, we can help you plug the gaps and show you and your teams how to make the most of the vast capital and revenue funding sources available to you.
Issues with estates funding from our NHS Estate Funding Survey Report: Challenges, barriers and next steps...
75%
expressed lack of clarity over application processes
54%
lack confidence in combining multiple sources of capital
49%
were unsuccessful in securing funding up to £10 million
NHS Estate Funding: Helping you navigate and unlock capital and revenue funding
With our new, free, guide to funding, you can get practical insight and advice into how to get the most from different capital and revenue funding options, including step-by-step guidance on application processes, timings to be aware of and the skills you need to be successful. As well as top tips.
The detailed guide is split into eight chapters covering: DHSC/NHSE programme capital, developer contributions, third-party owned solutions, lease negotiations, internal funding streams, property disposal and re-investment, space utilisation and management and opting to tax.
Challenges and opportunities
What do ICBs, Trusts, NHSE and NHSPS think are the biggest funding challenges facing the NHS right now, and what are some of the solutions to overcoming them?
Watch the video to hear what the experts think.
Get in touch
If you're looking for more information about capital funding or would like support in unlocking funding for your estates projects, get in touch.
A few clicks is all it takes - fill out the form and a member of our team will be in touch.
