The UK’s new Prime Minister Boris Johnson is “determined to deliver” the promises made as part of the Brexit referendum campaign and increase NHS spending.
Mr Johnson confirmed a new £1.8 billion NHS cash injection to help improve patient care at the beginning of August.
Huge investment in NHS frontline services
According to Government Opportunities, as part of this investment the NHS will purchase “more beds, new cutting-edge equipment and additional wards will be delivered at hospitals across the country.”
This investment will be funded by the Treasury and is not a reallocation of funds from the Department of Health. The £1.8 billion will be added on top of the extra £20 billion a year by 2023 which was promised by former Prime Minister Theresa May in 2018.
What this means for healthcare suppliers
This investment is a further boost for suppliers seeking to win contracts with the NHS.
As Tracker’s parent company BiP Solutions notes in its latest market report, Current Trends in Healthcare Procurement: Collaboration and Transformation, “the National Health Service is an immense market, spending over £1 billion every three days.”
This report considers the themes of collaboration in the NHS, both in terms of how trusts work with the NHS ‘centre’ and how buyers and suppliers work together, and gives details of the highest-spending NHS organisations across the UK, breaking this assessment down into categories including IT, Frameworks and Medical Supplies and Services.
Currently NHS National sits in first place for spend on IT equipment, services and systems, while NHS Birmingham and Solihull CCG sits at the top for spend on medical supplies and services.*
Find NHS tenders with business intelligence
Suppliers can expand their opportunities within the healthcare sector and win more NHS tenders with Tracker’s intelligence.
Tracker offers access to the largest public sector tenders and awards database in Europe through its Opportunities function.
Last year, Tracker published over 4600 contract notices and 1800 awards for medical and health supplies, equipment and services alone. It therefore offers healthcare suppliers the easiest way to have oversight of NHS contracts and all the opportunities in the sector.
Learn more about Tracker by requesting a free demo with a member of our expert procurement team.
* Information covers 1 January – 30 June 2019. Figures are rounded and therefore approximate
Last updated on March 18th, 2022
Aug 27, 2019.