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December 7, 2018updated 10 Dec 2018 6:55am

UK government provides £963m funding for NHS in England

The UK government has announced a funding of £963m for health facilities under NHS in England.

The UK government has announced a funding of £963m for health facilities under NHS in England.

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The funding will be granted to a total of 75 projects to upgrade NHS facilities.

Among the projects to receive the funding include a new emergency department in Walsall; an eye care facility in London; and mental health services expansion in Newcastle, Gateshead and Liverpool.

Health and Social Care Secretary Matt Hancock said: “We want even more patients to receive world-class care in world-class NHS facilities and this near billion-pound boost – one of the most substantial capital funding commitments ever made – means that the NHS can do just that for years to come.

“This will not only support dedicated staff through the redevelopment and modernisation of buildings, but it will allow additional services to launch for the first time, improving patients’ access to care in their local area as part of our long-term plan for the NHS.”

Approximately £800m of the total funding amount will be allocated to projects outside London.

This funding will help in the treatment of more number of patients as well in providing additional mental health and new integrated care services.

This is considered to be the biggest funding increase for the NHS. With this additional funding, the NHS budget will increase by £20.5bn annually by 2023 to 2024.

Last month, the NHS announced its plans to overhaul cancer screening in the wake of scandals that revealed nearly 50,000 women missed cervical smear invitations or results due to system error at an outsourced firm.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
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  • Consumer context
  • Industry environment
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  • Route to market
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