SBRI Healthcare has announced that it has secured savings in excess of £30m for the NHS. These findings are part of a report by independent consultants PA Consulting, published today.
SBRI Healthcare spearheads innovation creation within the NHS and has helped to grow the British economy by over £125m, including £14.6m from job creation, £6.4m from export sales and £104m of private investment. The innovative companies identified and funded by SBRI Healthcare are now delivering savings to the NHS by reducing the cost of delivering treatment and improving patient care.
In the five years since it became part of the national innovation pipeline funded by NHS England, the innovation accelerator has, according to its 2018 survey, also benefitted approximately 1.2m patients through the companies it has supported. Additionally, through its support of innovative companies, SBRI Healthcare has:
- helped create (or safeguard) 1,050 jobs – predominantly in innovative small companies
- helped SBRI Healthcare-backed companies secure over £179 million in funding
- delivered 60 SBRI Healthcare-funded products to the market