The Northern Powerhouse, a proposal which aims to improve economic growth in key cities across the North of England, has been deemed a great success in boosting the pharmaceutical, medical technologies and digital health industries in the region, and it looks as though there is more to follow in the coming years.
Secretary of State for Health and Social Care, Matt Hancock, noted that innovation – particularly in prediction, prevention, diagnosis and treatment of diseases – within the NHS was fundamental to growing the medical industry, and therefore vital in enhancing the UK economy as a whole.
Hancock said: “With £1.6 billion in investments planned over the next five years, the North is where some of the most dynamic growth and exciting innovation is going to happen.”
He pointed out, amongst various avenues and projects to stimulate growth, that the North was home to 50,000 jobs of those working in the life sciences sector – a figure that is only expected to grow as a result of an increase in the number of initiatives in the medical industry.
In a statement at the Insider Health Innovation Conference, Hancock stated: "The NHS is going to be at the forefront of that innovation because it's one of the most valuable assets we have, both for coming up with ideas and insights, and as the largest single payer healthcare system in the world.
"Let's keep striving and seeking improvement. Let's spur innovation here to drive growth across the UK, make the NHS the most innovative health system in the world and ensure Britain continues to be a world leader."