Call to preserve health investment

THE team behind a programme that helps healthcare technology companies in Yorkshire to improve their chances of securing investment is calling for support from councils and Local Enterprise Partnerships.

The Investing in Health programme is led by a team of healthcare and finance experts at Grant Thornton and is part of regional development agency Yorkshire Forward's strategy to support the development of the healthcare technologies industry in Yorkshire and Humber.

It has already supported more than 100 companies in Yorkshire and is currently helping 20 companies in South Yorkshire who are looking for average investments of 800,000.

However, like other Yorkshire Forward programmes, the Investing in Health programme is set to lose support when the agency is abolished next year.

Programme manager Lisa Ward said: "Healthcare remains an attractive investment opportunity, even in the face of recession, due to both the continuing need to treat patients and increasing social obligations.

"If the South Yorkshire region can bring new technologies to market that deliver efficient and high quality patient care, then it will place itself on the world map. At present, investors are backing companies which are truly innovative, alongside those that carry the minimum amount of risk. We urge the Council leaders and Local Enterprise Partnership to continue putting their weight behind the healthcare and life science sectors."

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