Across the country, institutions from the public, health and higher education sectors have built effective partnerships which are fundamental to the success of their local economies. Many of these partnerships are making good use of investment finance from a wide range of sources, recognising the increasing fiscal constraints of national public finances. However, the structure of investment finance is now changing with an increased focus on local economic partnerships and performance. These trends require institutions to think differently and engage with external stakeholders in new ways.
The purpose of the Local Growth Academy is to support universities, local and combined authorities and healthcare providers in navigating this fast-evolving environment, and to build operational capacity in order to maximise their contribution to and involvement in local developments. Benefits will include:
With capital finance in the NHS severely constrained yet critical to realising the ambitions of Sustainability and Transformation Plans (STPs) and other local plans, this development is very timely and will help NHS organisations understand where and how to access the new and emerging finance mechanisms that will determine local infrastructure planning.
Four regional groupings are planned. Each will include similar content to help spread best practice and will meet twice, with each module consisting of two successive working days (with an overnight stay). These will be held between April and October 2017 in venues around the country.