Rachel Reeves announced an additional £500 million for the British Business Bank’s Growth Guarantee Scheme, aimed at addressing a financing gap faced by SMEs. The scheme, featuring 70% loan guarantees and extended terms, seeks to improve access to capital for growing businesses. However, the real challenge for health-tech SMEs is NHS procurement fragmentation, which complicates the adoption of innovative products despite available funding. Without a unified national procurement strategy, enhanced financing may not translate into increased deployment of health-tech solutions within the NHS, potentially leaving companies with more debt but facing the same adoption hurdles.
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Link to original article source: https://www.distilledpost.com/post/the-treasury-has-solved-the-wrong-problem-for-britains-health-technology-companies
