NHS: Access to innovation funding

Introducing innovative new products and services into the health and care system often requires upfront funding to facilitate change.

Our team build partnerships with funders and investors to help NHS organisations facilitate change and fund innovation.

We have established partnerships with a range of funders and investors focused on the adoption of innovative products and services from industry, charities and social enterprise sector.

SBRI Healthcare: is an NHS England initiative, championed by the Academic Health Science Networks. We work in partnership with the SBRI Healthcare programme to provide NHS organisations with the opportunity to inform the problems the programme seeks to address and build partnerships with cutting edge technology businesses.

NIA: the NHS Innovation Accelerator (NIA) provides support to proven innovations to be adopted faster and more systematically through the NHS. We work in partnership with the NIA programme to identify proven innovations that could benefit NHS organisations in our region. See the NIA brochure, showcasing all 37 innovations on the programme. Read the independent NIA Evaluation report, conducted by the Institute of Employment Studies (IES) and York Health Economic Consortium (YHEC), and funded by The Health Foundation here.

Health & Wellbeing Challenge Fund South Westthe Health & Wellbeing Challenge Fund (H&WF)- South West is a £5m regional social investment fund supporting the development of innovative models of care from the charity and social enterprise sector.

The Fund, established by the South West Academic Health Science Network and Resonance in 2016, works in partnership with NHS organisations and local authorities to develop the market of charity and social enterprise providers in the region in the health and wellbeing sector.

The Fund provides NHS organisations with access to expertise and resources to identify, scope and develop partnerships between the NHS and charity and social enterprise sector, with the ultimate aim of investing into innovative models of care. Investments are a blend of grants and loans of up to £150,000.

The money for the Fund comes from the SW AHSN and the Access Foundation (a partnership between the Big Lottery Fund and Big Society Capital).

Life Chances Fund: the Life Chances Fund is a £80 million top-up fund, launched by the Office for Civil Society and Innovation (OCSI), to help people in society who face the most significant barriers to leading happy and productive lives.

The fund will provide top-up outcome payments for ‘payment-by-results’ contracts that utilise social investments such as social impact bonds (SIBs).

The fund will contribute up to 49% of outcome payments, with funding available up to March 2025. It will comprise of two stages (outline submission and full application) and development funds, of up to £30,000 per project will be available, subject to a match funding contribution.

We’re supporting the fund by offering match-funding and support during the development phase for two ideas suitable for applications of the fund.

Read the news story here

For more information please contact a member of the Innovation team: innovation@swahsn.com.